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. Procter & Gamble Co. shares valued at $286,921 were sold by Keith R. Alexandra on Oct 03 ’24. At $170.99 per share, Keith R. Alexandra sold 1,678 shares. The insider’s holdings dropped to 15,775 shares worth approximately $2.67 million following the completion of this transaction.
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Also, Keith R. Alexandra sold 345 shares, netting a total of over 58,992 in proceeds. Following the sale of shares at $170.99 each, the insider now holds 3,897 shares.
Before that, Whaley Susan Street had sold 634 shares from its account. In a trade valued at $108,829, the Chief Legal Officer & Secy traded Procter & Gamble Co. shares for $171.65 each. Upon closing the transaction, the insider’s holdings decreased to 634 shares, worth approximately $3.27 million.
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 -1.54%. Over the course of the year, Procter & Gamble Co. shares have jumped approximately 15.51%. 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 $171.17, while a 200-day SMA reached $163.25. Nevertheless, trading volume fell to 6.98 million shares from 7.47 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 168.25, which, if violated, would cause prices to drop to 167.22. In the upper region, resistance lies at 170.05. The next price resistance is at 170.83. RSI (Relative Strength Index) is 42.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.39, which suggests the price will decrease in the coming days. Percent R is at 66.35%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
