The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Colgate-Palmolive Co. shares valued at $2,260,728 were purchased by Daniels Jennifer on Aug 08 ’24. At $102.76 per share, Daniels Jennifer acquired 22,000 shares.
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Also, Tsourapas Panagiotis purchased 14,794 shares, netting a total of over 1,522,920 in proceeds.
Before that, Kooyman John W had sold 24,781 shares from its account. In a trade valued at $2,549,405, the Chief of Staff traded Colgate-Palmolive Co. shares for $102.88 each. Upon closing the transaction, the insider’s holdings decreased to 24,781 shares, worth approximately $0.33 million.
As published in a research note from HSBC Securities on July 26, 2024, Colgate-Palmolive Co. [CL] has been rated down from a Buy to a Hold. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late July. As of July 23, 2024, TD Cowen has initiated its “Buy” rating for CL. Earlier on June 24, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for CL stock.
Analyzing CL Stock Performance
During the last five days, there has been a surge of approximately 1.76%. Over the course of the year, Colgate-Palmolive Co. shares have jumped approximately 28.85%. Shares of the company reached a 52-week high of $104.15 on 08/05/24 and a 52-week low of $79.39 on 01/02/24. A 50-day SMA is recorded $97.10, while a 200-day SMA reached $87.09. Nevertheless, trading volume fell to 3.19 million shares from 4.08 million shares the previous day.
Support And Resistance Levels for Colgate-Palmolive Co. (CL)
According to the 24-hour chart, there is a support level at 101.61, which, if violated, would cause prices to drop to 100.51. In the upper region, resistance lies at 103.46. The next price resistance is at 104.21. RSI (Relative Strength Index) is 63.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.60, which suggests the price will increase in the coming days. Percent R is at 16.49%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
