Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Colgate-Palmolive Co. shares valued at $1,522,920 were sold by Tsourapas Panagiotis on Aug 08 ’24. At $102.94 per share, Tsourapas Panagiotis sold 14,794 shares. The insider’s holdings dropped to 5,146 shares worth approximately $0.53 million following the completion of this transaction.
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Also, Daniels Jennifer sold 22,000 shares, netting a total of over 2,260,729 in proceeds. Following the sale of shares at $102.76 each, the insider now holds 59,726 shares.
Before that, Daniels Jennifer had added 22,000 shares to its account. In a trade valued at $2,260,728, the Officer bought Colgate-Palmolive Co. shares for $102.76 each.
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 2.47%. Over the course of the year, Colgate-Palmolive Co. shares have jumped approximately 30.41%. 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 $98.92, while a 200-day SMA reached $88.51. Nevertheless, trading volume fell to 2.79 million shares from 3.03 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 103.60, which, if violated, would cause prices to drop to 103.26. In the upper region, resistance lies at 104.17. The next price resistance is at 104.40. RSI (Relative Strength Index) is 64.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.30, which suggests the price will increase in the coming days. Percent R is at 4.55%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
