The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Performance Food Group Company shares valued at $596,480 were sold by Hagerty Patrick T. on Aug 30 ’24. At $74.56 per share, Hagerty Patrick T. sold 8,000 shares. The insider’s holdings dropped to 162,987 shares worth approximately $13.03 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, PATRICK HAGERTY purchased 8,000 shares, netting a total of over 596,400 in proceeds.
Before that, McPherson Scott E had sold 25,000 shares from its account. In a trade valued at $1,866,000, the insider traded Performance Food Group Company shares for $74.64 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $11.98 million.
Analysts at Deutsche Bank started covering the stock with ‘”a Buy”‘ outlook in a report released in mid October. As of June 20, 2023, Morgan Stanley has decreased its “an Overweight” rating to a “an Equal-weight” for PFGC. Earlier on September 23, 2022, Stephens initiated its rating. Their recommendation was “an Overweight” for PFGC stock.
Analyzing PFGC Stock Performance
During the last five days, there has been a surge of approximately 2.13%. Over the course of the year, Performance Food Group Company shares have jumped approximately 15.57%. Shares of the company reached a 52-week high of $81.05 on 10/09/24 and a 52-week low of $61.60 on 07/09/24. A 50-day SMA is recorded $73.65, while a 200-day SMA reached $71.37. Nevertheless, trading volume fell to 0.75 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for Performance Food Group Company (PFGC)
According to the 24-hour chart, there is a support level at 79.30, which, if violated, would cause prices to drop to 78.69. In the upper region, resistance lies at 80.50. The next price resistance is at 81.09. RSI (Relative Strength Index) is 69.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.17, which suggests the price will increase in the coming days. Percent R is at 26.16%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
