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 $2.72 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 $3.33 million.
As published in their initiating research note from DA Davidson on October 10, 2024, Procter & Gamble Co. [PG] has been a Neutral and the price target has been revised to $159. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late September. As of September 24, 2024, Piper Sandler has initiated its “Neutral” rating for PG. Earlier on August 29, 2024, DZ Bank upgraded its rating. Their new recommendation was “a Buy” for PG stock which previously was a “a Hold”.
Analyzing PG Stock Performance
During the last five days, there has been a surge of approximately 1.84%. Over the course of the year, Procter & Gamble Co. shares have jumped approximately 17.63%. 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 $171.69, while a 200-day SMA reached $163.89. Nevertheless, trading volume fell to 6.08 million shares from 7.17 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 171.32, which, if violated, would cause prices to drop to 170.25. In the upper region, resistance lies at 173.02. The next price resistance is at 173.65. RSI (Relative Strength Index) is 52.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.84, which suggests the price will increase in the coming days. Percent R is at 29.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
