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Raymond James analysts initates a Mkt perform rating for Paccar Inc. (PCAR)

Paccar Inc.’s recent filing unveils that its Vice President & Controller Poplawski Brice J unloaded Company’s shares for reported $0.23 million on May 10 ’24. In the deal valued at $109.40 per share,2,067 shares were sold. As a result of this transaction, Poplawski Brice J now holds 0 shares worth roughly $0.0.

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Then, FEIGHT R PRESTON sold 33,850 shares, generating $3,594,091 in total proceeds. Upon selling the shares at $106.18, the CHIEF EXECUTIVE OFFICER now owns 154,430 shares.

Before that, WALTON MICHAEL K sold 1,338 shares. Paccar Inc. shares valued at $142,529 were divested by the VICE PRESIDENT/GENERAL COUNSEL at a price of $106.52 per share. As a result of the transaction, WALTON MICHAEL K now holds 130 shares, worth roughly $12901.199999999999.

Raymond James initiated its Paccar Inc. [PCAR] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. RBC Capital Mkts began covering PCAR with “Sector perform” recommendation on March 26, 2024. UBS revised its rating on March 15, 2024. It rated PCAR as “a Buy” which previously was an “a Neutral”.

Price Performance Review of PCAR

On Friday, Paccar Inc. [NASDAQ:PCAR] saw its stock jump 1.68% to $99.24. Over the last five days, the stock has lost -7.95%. Paccar Inc. shares have risen nearly 1.63% since the year began. Nevertheless, the stocks have risen 21.25% over the past one year. While a 52-week high of $125.50 was reached on 03/28/24, a 52-week low of $78.30 was recorded on 01/04/24. SMA at 50 days reached $105.35, while 200 days put it at $102.99. A total of 3.09 million shares were traded, compared to the trading of 5.21 million shares in the previous session.

Levels Of Support And Resistance For PCAR Stock

The 24-hour chart illustrates a support level at 97.68, which if violated will result in even more drops to 96.11. On the upside, there is a resistance level at 100.53. A further resistance level may holdings at 101.82. The Relative Strength Index (RSI) on the 14-day chart is 40.60, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.16%. Stochastics%K at 24.43% indicates the stock is a holding.

The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $117 price target.

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