Paccar Inc.’s filing revealed that its CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON unloaded Company’s shares for reported $2.75 million on Jul 31 ’24. In the deal valued at $98.70 per share,27,834 shares were sold. As a result of this transaction, FEIGHT R PRESTON now holds 162,782 shares worth roughly $17.39 million.
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Then, FEIGHT R PRESTON bought 27,834 shares, generating $2,747,265 in total proceeds.
Before that, Poplawski Brice J sold 2,067 shares. Paccar Inc. shares valued at $226,136 were divested by the Vice President & Controller at a price of $109.40 per share. As a result of the transaction, Poplawski Brice J now holds 0 shares, worth roughly $0.0.
Raymond James initiated its Paccar Inc. [PCAR] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. RBC Capital Mkts began covering PCAR with “Sector perform” recommendation on March 26, 2024. UBS revised its rating on March 15, 2024. It rated PCAR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PCAR
On Friday, Paccar Inc. [NASDAQ:PCAR] saw its stock jump 3.07% to $106.80. Over the last five days, the stock has gained 3.28%. Paccar Inc. shares have risen nearly 9.37% since the year began. Nevertheless, the stocks have risen 27.37% over the past one year. While a 52-week high of $125.50 was reached on 03/28/24, a 52-week low of $78.30 was recorded on 08/05/24. SMA at 50 days reached $96.60, while 200 days put it at $104.85.
Levels Of Support And Resistance For PCAR Stock
The 24-hour chart illustrates a support level at 103.89, which if violated will result in even more drops to 100.98. On the upside, there is a resistance level at 108.60. A further resistance level may holdings at 110.40. The Relative Strength Index (RSI) on the 14-day chart is 74.92, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.84, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.58%. Stochastics %K at 95.18% indicates the stock is a selling.
How much short interest is there in Paccar Inc.?
A steep rise in short interest was recorded in Paccar Inc. stocks on 2024-09-30, growing by 0.69 million shares to a total of 14.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 13.92 million shares. There was a rise of 4.74%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $117 price target.
