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Taking a look at what insiders are doing to gauge the Procter & Gamble Co. (PG)’s direction

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Procter & Gamble Co. shares valued at $1,515,133 were purchased by Moeller Jon R on Oct 02 ’24. At $173.51 per share, Moeller Jon R acquired 8,732 shares.

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Also, Davis Jennifer L. purchased 5,268 shares, netting a total of over 914,077 in proceeds.

Before that, Keith R. Alexandra had added 1,989 shares to its account. In a trade valued at $345,121, the Officer bought Procter & Gamble Co. shares for $173.52 each.

As published in a research note from Barclays on September 30, 2024, Procter & Gamble Co. [PG] has been rated down from an Overweight to an Equal weight and the price target has been revised to $163. Analysts at Piper Sandler started covering the stock with ‘”a Neutral”‘ outlook in a report released in late September. As of August 29, 2024, DZ Bank has increased its “Hold” rating to a “Buy” for PG. Earlier on July 24, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for PG stock which previously was a “a Buy”.

Analyzing PG Stock Performance

During the last five days, there has been a drop of approximately -0.20%. Over the course of the year, Procter & Gamble Co. shares have jumped approximately 17.32%. 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 $171.02, while a 200-day SMA reached $162.65. Nevertheless, trading volume fell to 6.12 million shares from 7.13 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 171.18, which, if violated, would cause prices to drop to 170.45. In the upper region, resistance lies at 172.55. The next price resistance is at 173.19. RSI (Relative Strength Index) is 47.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.93, which suggests the price will decrease in the coming days. Percent R is at 77.78%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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