In a filing, Arthur J. Gallagher & Co. revealed its President GALLAGHER THOMAS JOSEPH unloaded Company’s shares for reported $4.24 million on Aug 08 ’24. In the deal valued at $282.96 per share,15,000 shares were sold. As a result of this transaction, GALLAGHER THOMAS JOSEPH now holds 329,099 shares worth roughly $98.34 million.
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Then, GALLAGHER THOMAS JOSEPH bought 15,000 shares, generating $4,244,435 in total proceeds.
Before that, HOWELL DOUGLAS K sold 8,710 shares. Arthur J. Gallagher & Co. shares valued at $2,482,960 were divested by the VP & Chief Financial Officer at a price of $285.07 per share. As a result of the transaction, HOWELL DOUGLAS K now holds 75,963 shares, worth roughly $22.7 million.
Barclays initiated its Arthur J. Gallagher & Co. [AJG] rating to an Equal weight in a research note published on September 05, 2024; the price target was $300. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Hold”. TD Cowen began covering AJG with “Market perform” recommendation on January 10, 2024. Jefferies revised its rating on January 09, 2024. It rated AJG as “a Hold” which previously was an “a Buy”.
Price Performance Review of AJG
On Tuesday, Arthur J. Gallagher & Co. [NYSE:AJG] saw its stock fall -0.04% to $298.82. Over the last five days, the stock has gained 1.47%. Arthur J. Gallagher & Co. shares have risen nearly 32.88% since the year began. Nevertheless, the stocks have risen 30.95% over the past one year. While a 52-week high of $299.90 was reached on 09/10/24, a 52-week low of $218.62 was recorded on 01/05/24. SMA at 50 days reached $280.70, while 200 days put it at $252.44.
Levels Of Support And Resistance For AJG Stock
The 24-hour chart illustrates a support level at 297.18, which if violated will result in even more drops to 295.54. On the upside, there is a resistance level at 300.56. A further resistance level may holdings at 302.30. The Relative Strength Index (RSI) on the 14-day chart is 69.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.58%. Stochastics %K at 83.68% indicates the stock is a selling.
How much short interest is there in Arthur J. Gallagher & Co.?
A steep rise in short interest was recorded in Arthur J. Gallagher & Co. stocks on 2024-08-15, dropping by -0.84 million shares to a total of 2.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.17 million shares. There was a decline of -36.13%, which implies that there is a negative sentiment for the stock.
