Deere & Co.’s recently made public that its Pres Ag & Turf, Prod & Prec Ag Reed Cory J unloaded Company’s shares for reported $5.05 million on Jun 24 ’24. In the deal valued at $377.63 per share,13,370 shares were sold. As a result of this transaction, Reed Cory J now holds 41,642 shares worth roughly $17.34 million.
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HSBC Securities downgraded its Deere & Co. [DE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in early August with a ‘”a Market perform”‘ rating. Truist also remained covering DE and reiterated its “Buy” recommendation on July 02, 2024. Raymond James started covering the stock on June 28, 2024. It rated DE as “an Outperform”.
Price Performance Review of DE
On Tuesday, Deere & Co. [NYSE:DE] saw its stock fall -0.21% to $416.44. Over the last five days, the stock has gained 1.35%. Deere & Co. shares have risen nearly 4.14% since the year began. Nevertheless, the stocks have risen 10.35% over the past one year. While a 52-week high of $419.63 was reached on 10/01/24, a 52-week low of $340.20 was recorded on 08/05/24. SMA at 50 days reached $380.87, while 200 days put it at $384.14.
Levels Of Support And Resistance For DE Stock
The 24-hour chart illustrates a support level at 411.55, which if violated will result in even more drops to 406.66. On the upside, there is a resistance level at 420.90. A further resistance level may holdings at 425.36. The Relative Strength Index (RSI) on the 14-day chart is 70.27, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.78%. Stochastics %K at 93.21% indicates the stock is a selling.
How much short interest is there in Deere & Co.?
A steep rise in short interest was recorded in Deere & Co. stocks on 2024-09-13, growing by 0.95 million shares to a total of 4.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.03 million shares. There was a rise of 19.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 26, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $395 price target.
