W.W. Grainger Inc.’s recent filing unveils that its Chairman and CEO Macpherson Donald G unloaded Company’s shares for reported $13.48 million on Sep 30 ’24. In the deal valued at $1037.68 per share,12,992 shares were sold. As a result of this transaction, Macpherson Donald G now holds 98,567 shares worth roughly $106.95 million.
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Then, DONALD MACPHERSON bought 12,992 shares, generating $13,458,932 in total proceeds.
Before that, Macpherson Donald G sold 27,502 shares. W.W. Grainger Inc. shares valued at $27,524,542 were divested by the Chairman and CEO at a price of $1000.82 per share. As a result of the transaction, Macpherson Donald G now holds 111,559 shares, worth roughly $121.05 million.
BofA Securities initiated its W.W. Grainger Inc. [GWW] rating to an Underperform in a research note published on October 07, 2024; the price target was $925. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early September with a ‘”an Equal-weight”‘ rating. Robert W. Baird also remained covering GWW and has decreased its forecast on May 29, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. Stephens revised its rating on April 29, 2024. It rated GWW as “an Overweight” which previously was an “an Equal-weight”.
Price Performance Review of GWW
On Friday, W.W. Grainger Inc. [NYSE:GWW] saw its stock jump 5.84% to $1085.04. Over the last five days, the stock has gained 5.01%. W.W. Grainger Inc. shares have risen nearly 30.93% since the year began. Nevertheless, the stocks have risen 51.90% over the past one year. While a 52-week high of $1049.02 was reached on 10/11/24, a 52-week low of $674.41 was recorded on 01/03/24. SMA at 50 days reached $993.40, while 200 days put it at $949.39.
Levels Of Support And Resistance For GWW Stock
The 24-hour chart illustrates a support level at 1,057.75, which if violated will result in even more drops to 1,030.45. On the upside, there is a resistance level at 1,100.59. A further resistance level may holdings at 1,116.13. The Relative Strength Index (RSI) on the 14-day chart is 73.48, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.41%. Stochastics %K at 50.79% indicates the stock is a holding.
How much short interest is there in W.W. Grainger Inc.?
A steep rise in short interest was recorded in W.W. Grainger Inc. stocks on 2024-09-30, dropping by 25358.0 shares to a total of 1.59 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.62 million shares. There was a decline of -1.59%, which implies that there is a negative sentiment for the stock.
