Patterson Companies Inc.’s recently made public that its President & CEO Zurbay Donald unloaded Company’s shares for reported $0.18 million on Jul 16 ’24. In the deal valued at $24.99 per share,7,216 shares were sold. As a result of this transaction, Zurbay Donald now holds 230,072 shares worth roughly $4.67 million.
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Then, Zurbay Donald sold 5,875 shares, generating $139,322 in total proceeds. Upon selling the shares at $23.71, the President & CEO now owns 237,288 shares.
Before that, KORSH LES B sold 2,842 shares. Patterson Companies Inc. shares valued at $67,398 were divested by the CLO & Corporate Secretary at a price of $23.71 per share. As a result of the transaction, KORSH LES B now holds 103,765 shares, worth roughly $2.1 million.
Piper Sandler downgraded its Patterson Companies Inc. [PDCO] rating to a Neutral from a an Overweight in a research note published on February 29, 2024; the price target was decreased to $28 from $34. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late February with a ‘”an Outperform”‘ rating. Morgan Stanley started covering the stock on January 31, 2022. It rated PDCO as “an Equal-weight”.
Price Performance Review of PDCO
On Monday, Patterson Companies Inc. [NASDAQ:PDCO] saw its stock fall -1.55% to $20.28. Over the last five days, the stock has lost -7.14%. Patterson Companies Inc. shares have fallen nearly -28.72% since the year began. Nevertheless, the stocks have fallen -30.36% over the past one year. While a 52-week high of $32.58 was reached on 01/23/24, a 52-week low of $19.96 was recorded on 09/11/24. SMA at 50 days reached $22.92, while 200 days put it at $25.64.
Levels Of Support And Resistance For PDCO Stock
The 24-hour chart illustrates a support level at 20.03, which if violated will result in even more drops to 19.78. On the upside, there is a resistance level at 20.65. A further resistance level may holdings at 21.01. The Relative Strength Index (RSI) on the 14-day chart is 36.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.95, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.42%. Stochastics %K at 9.10% indicates the stock is a buying.
How much short interest is there in Patterson Companies Inc.?
A steep rise in short interest was recorded in Patterson Companies Inc. stocks on 2024-09-13, growing by 0.21 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.24 million shares. There was a rise of 6.0%, which implies that there is a positive sentiment for the stock.
