Procter & Gamble Co.’s recent filing unveils that its Chairman, President and CEO Moeller Jon R unloaded Company’s shares for reported $6.29 million on Aug 28 ’24. In the deal valued at $168.89 per share,37,240 shares were sold. As a result of this transaction, Moeller Jon R now holds 263,537 shares worth roughly $45.91 million.
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Then, Moeller Jon R sold 87,979 shares, generating $14,991,815 in total proceeds. Upon selling the shares at $170.40, the Chairman, President and CEO now owns 300,777 shares.
Before that, Schulten Andre sold 13,041 shares. Procter & Gamble Co. shares valued at $2,216,970 were divested by the Chief Financial Officer at a price of $170.00 per share. As a result of the transaction, Schulten Andre now holds 37,208 shares, worth roughly $6.48 million.
DZ Bank upgraded its Procter & Gamble Co. [PG] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Hold”. TD Cowen began covering PG with “Buy” recommendation on July 23, 2024. Exane BNP Paribas started covering the stock on June 24, 2024. It rated PG as “an Outperform”.
Price Performance Review of PG
On Friday, Procter & Gamble Co. [NYSE:PG] saw its stock jump 1.56% to $174.22. Over the last five days, the stock has gained 0.08%. Procter & Gamble Co. shares have risen nearly 18.89% since the year began. Nevertheless, the stocks have risen 13.52% over the past one year. While a 52-week high of $177.94 was reached on 09/10/24, a 52-week low of $141.45 was recorded on 01/22/24. SMA at 50 days reached $170.11, while 200 days put it at $161.58.
Levels Of Support And Resistance For PG Stock
The 24-hour chart illustrates a support level at 172.30, which if violated will result in even more drops to 170.38. On the upside, there is a resistance level at 175.34. A further resistance level may holdings at 176.46. The Relative Strength Index (RSI) on the 14-day chart is 53.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.21%. Stochastics %K at 42.85% indicates the stock is a holding.
How much short interest is there in Procter & Gamble Co.?
A steep rise in short interest was recorded in Procter & Gamble Co. stocks on 2024-08-30, growing by 0.89 million shares to a total of 20.81 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 19.92 million shares. There was a rise of 4.29%, which implies that there is a positive sentiment for the stock.
