Procter & Gamble Co.’s recent filing unveils that its CEO – Beauty Keith R. Alexandra unloaded Company’s shares for reported $0.29 million on Oct 03 ’24. In the deal valued at $170.99 per share,1,678 shares were sold. As a result of this transaction, Keith R. Alexandra now holds 15,775 shares worth roughly $2.66 million.
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Then, Keith R. Alexandra sold 345 shares, generating $58,992 in total proceeds. Upon selling the shares at $170.99, the CEO – Beauty now owns 3,897 shares.
Before that, Whaley Susan Street sold 634 shares. Procter & Gamble Co. shares valued at $108,829 were divested by the Chief Legal Officer & Secy at a price of $171.65 per share. As a result of the transaction, Whaley Susan Street now holds 19,341 shares, worth roughly $3.27 million.
Barclays downgraded its Procter & Gamble Co. [PG] rating to an Equal weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late September with a ‘”a Neutral”‘ rating. DZ Bank also remained covering PG and has increased its forecast on August 29, 2024 with a “Buy” recommendation from previously “Hold” rating. Jefferies revised its rating on July 24, 2024. It rated PG as “a Hold” which previously was an “a Buy”.
Price Performance Review of PG
On Friday, Procter & Gamble Co. [NYSE:PG] saw its stock fall -0.73% to $168.88. Over the last five days, the stock has lost -2.69%. Procter & Gamble Co. shares have risen nearly 15.24% since the year began. Nevertheless, the stocks have risen 15.70% 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 $171.10, while 200 days put it at $162.90.
Levels Of Support And Resistance For PG Stock
The 24-hour chart illustrates a support level at 168.06, which if violated will result in even more drops to 167.25. On the upside, there is a resistance level at 169.89. A further resistance level may holdings at 170.91. The Relative Strength Index (RSI) on the 14-day chart is 38.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.88%. Stochastics %K at 11.33% indicates the stock is a buying.
How much short interest is there in Procter & Gamble Co.?
A steep rise in short interest was recorded in Procter & Gamble Co. stocks on 2024-09-13, dropping by -1.04 million shares to a total of 20.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 21.84 million shares. There was a decline of -4.99%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 23, 2024 when TD Cowen began covering the stock and recommended ‘”a Buy”‘ rating along with a $189 price target.
