Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Procter & Gamble Co. shares valued at $6,289,642 were sold by Moeller Jon R on Aug 28 ’24. At $168.89 per share, Moeller Jon R sold 37,240 shares. The insider’s holdings dropped to 263,537 shares worth approximately $45.72 million following the completion of this transaction.
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Also, Moeller Jon R sold 87,979 shares, netting a total of over 14,991,815 in proceeds. Following the sale of shares at $170.40 each, the insider now holds 300,777 shares.
Before that, Schulten Andre had sold 13,041 shares from its account. In a trade valued at $2,216,970, the Chief Financial Officer traded Procter & Gamble Co. shares for $170.00 each. Upon closing the transaction, the insider’s holdings decreased to 13,041 shares, worth approximately $6.45 million.
As published in a research note from DZ Bank on August 29, 2024, Procter & Gamble Co. [PG] has been rated up from a Hold to a Buy and the price target has been revised to $190. 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 PG. Earlier on June 24, 2024, Exane BNP Paribas initiated its rating. Their recommendation was “an Outperform” for PG stock.
Analyzing PG Stock Performance
During the last five days, there has been a drop of approximately -1.14%. Over the course of the year, Procter & Gamble Co. shares have jumped approximately 18.38%. Shares of the company reached a 52-week high of $177.94 on 09/10/24 and a 52-week low of $146.28 on 01/22/24. A 50-day SMA is recorded $169.04, while a 200-day SMA reached $160.91. Nevertheless, trading volume fell to 4.84 million shares from 6.83 million shares the previous day.
Support And Resistance Levels for Procter & Gamble Co. (PG)
According to the 24-hour chart, there is a support level at 172.40, which, if violated, would cause prices to drop to 171.34. In the upper region, resistance lies at 174.57. The next price resistance is at 175.68. RSI (Relative Strength Index) is 55.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.05, which suggests the price will increase in the coming days. Percent R is at 46.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
