W.W. Grainger Inc.’s recently made public that its SVP & Chief HR Officer Fortin Matt unloaded Company’s shares for reported $0.47 million on Jun 20 ’24. In the deal valued at $915.20 per share,511 shares were sold. As a result of this transaction, Fortin Matt now holds 1,848 shares worth roughly $1.76 million.
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Then, Robbins Paige K sold 3,813 shares, generating $3,694,328 in total proceeds. Upon selling the shares at $968.88, the Sr. VP now owns 4,909 shares.
Before that, Merriwether Deidra C sold 8,301 shares. W.W. Grainger Inc. shares valued at $7,889,243 were divested by the Sr. VP & CFO at a price of $950.40 per share. As a result of the transaction, Merriwether Deidra C now holds 9,283 shares, worth roughly $8.84 million.
Robert W. Baird downgraded its W.W. Grainger Inc. [GWW] rating to a Neutral from a an Outperform in a research note published on May 29, 2024; the price target was decreased to $975 from $1000. A number of analysts have revised their coverage, including Stephens’s analysts, who increased its forecast for the stock in late April from “an Equal-weight” to “an Overweight”. Loop Capital also remained covering GWW and has decreased its forecast on February 20, 2024 with a “Hold” recommendation from previously “Buy” rating. Oppenheimer maintained its rating on January 03, 2024. It rated GWW as “an Outperform”.
Price Performance Review of GWW
On Tuesday, W.W. Grainger Inc. [NYSE:GWW] saw its stock jump 0.28% to $952.66. Over the last five days, the stock has lost -1.42%. W.W. Grainger Inc. shares have risen nearly 14.96% since the year began. Nevertheless, the stocks have risen 34.51% over the past one year. While a 52-week high of $1034.18 was reached on 03/21/24, a 52-week low of $674.41 was recorded on 01/03/24. SMA at 50 days reached $926.12, while 200 days put it at $898.93. A total of 0.3 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For GWW Stock
The 24-hour chart illustrates a support level at 939.94, which if violated will result in even more drops to 927.23. On the upside, there is a resistance level at 968.23. A further resistance level may holdings at 983.81. The Relative Strength Index (RSI) on the 14-day chart is 52.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.90%. Stochastics%K at 46.98% indicates the stock is a holding.
