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The Potential Rise in the Price of PotlatchDeltic Corp (PCH) following insiders activity

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In a filing, PotlatchDeltic Corp revealed its Vice President, Wood Products Cribb Ashlee Townsend unloaded Company’s shares for reported $0.18 million on Jul 29 ’24. In the deal valued at $43.11 per share,4,114 shares were sold. As a result of this transaction, Cribb Ashlee Townsend now holds 29,039 shares worth roughly $1.33 million.

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Then, Cribb Ashlee Townsend bought 4,114 shares, generating $177,376 in total proceeds.

Before that, WASECHEK WAYNE sold 1,565 shares. PotlatchDeltic Corp shares valued at $70,627 were divested by the VP and Chief Financial Officer at a price of $45.13 per share. As a result of the transaction, WASECHEK WAYNE now holds 21,247 shares, worth roughly $0.98 million.

BofA Securities upgraded its PotlatchDeltic Corp [PCH] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early May from “a Sector perform” to “an Outperform”. Raymond James also remained covering PCH and has decreased its forecast on November 27, 2023 with a “Mkt perform” recommendation from previously “Strong buy” rating. RBC Capital Mkts revised its rating on July 19, 2023. It rated PCH as “a Sector perform” which previously was an “an Outperform”.

Price Performance Review of PCH

On Tuesday, PotlatchDeltic Corp [NASDAQ:PCH] saw its stock jump 1.08% to $45.95. Over the last five days, the stock has gained 7.81%. PotlatchDeltic Corp shares have fallen nearly -6.42% since the year began. Nevertheless, the stocks have fallen -2.70% over the past one year. While a 52-week high of $50.04 was reached on 01/02/24, a 52-week low of $37.06 was recorded on 07/05/24. SMA at 50 days reached $42.26, while 200 days put it at $43.84.

Levels Of Support And Resistance For PCH Stock

The 24-hour chart illustrates a support level at 45.41, which if violated will result in even more drops to 44.86. On the upside, there is a resistance level at 46.31. A further resistance level may holdings at 46.66. The Relative Strength Index (RSI) on the 14-day chart is 68.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.28%. Stochastics %K at 96.84% indicates the stock is a selling.

How much short interest is there in PotlatchDeltic Corp?

A steep rise in short interest was recorded in PotlatchDeltic Corp stocks on 2024-08-30, growing by 18172.0 shares to a total of 1.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 1.46 million shares. There was a rise of 1.23%, which implies that there is a positive sentiment for the stock.

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