Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Perrigo Company plc shares valued at $53,667 were purchased by HANSON KYLE on Aug 07 ’24. At $28.40 per share, HANSON KYLE acquired 1,890 shares.
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Also, Andersen Svend purchased 1,000 shares, netting a total of over 27,900 in proceeds. Following the buying of shares at $27.90 each, the insider now holds 101,853 shares.
Before that, Ives Alison had added 2,490 shares to its account. In a trade valued at $67,877, the EVP & Chief Scientific Officer bought Perrigo Company plc shares for $27.26 each. Upon closing the transaction, the insider’s holdings increased to 2,490 shares, worth approximately $0.44 million.
As published in their initiating research note from Piper Sandler on November 17, 2023, Perrigo Company plc [PRGO] has been an Overweight and the price target has been revised to $37. Analysts at Canaccord Genuity started covering the stock with ‘”a Buy”‘ outlook in a report released in early March. As of September 14, 2022, Argus has increased its “Hold” rating to a “Buy” for PRGO. Earlier on September 06, 2022, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for PRGO stock which previously was a “an Equal weight”.
Analyzing PRGO Stock Performance
During the last five days, there has been a drop of approximately -1.25%. Over the course of the year, Perrigo Company plc shares have dropped approximately -14.36%. Shares of the company reached a 52-week high of $34.60 on 01/09/24 and a 52-week low of $24.82 on 06/27/24. A 50-day SMA is recorded $27.06, while a 200-day SMA reached $29.82. Nevertheless, trading volume fell to 0.91 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for Perrigo Company plc (PRGO)
According to the 24-hour chart, there is a support level at 27.16, which, if violated, would cause prices to drop to 26.77. In the upper region, resistance lies at 27.89. The next price resistance is at 28.23. RSI (Relative Strength Index) is 50.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.61, which suggests the price will decrease in the coming days. Percent R is at 53.67%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
