Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. PepsiCo Inc shares valued at $1,192,131 were sold by Flavell David on May 10 ’24. At $179.86 per share, Flavell David sold 6,628 shares. The insider’s holdings dropped to 36,264 shares worth approximately $6.33 million following the completion of this transaction.
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Also, Krishnan Ramkumar sold 5,620 shares, netting a total of over 1,000,360 in proceeds. Following the sale of shares at $178.00 each, the insider now holds 53,953 shares.
Before that, Krishnan Ramkumar had sold 4,563 shares from its account. In a trade valued at $750,340, the CEO, PBNA traded PepsiCo Inc shares for $164.44 each. Upon closing the transaction, the insider’s holdings decreased to 4,563 shares, worth approximately $10.41 million.
As published in a research note from TD Cowen on October 10, 2024, PepsiCo Inc [PEP] has been rated down from a Buy to a Hold and the price target has been revised to $183 from $190. Analysts at Morgan Stanley downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in mid September. As of July 19, 2024, DZ Bank has decreased its “Buy” rating to a “Hold” for PEP. Earlier on July 03, 2024, TD Cowen resumed its rating. Their recommendation was “a Buy” for PEP stock.
Analyzing PEP Stock Performance
During the last five days, there has been a surge of approximately 0.97%. Over the course of the year, PepsiCo Inc shares have jumped approximately 2.84%. Shares of the company reached a 52-week high of $183.41 on 05/16/24 and a 52-week low of $158.03 on 07/11/24. A 50-day SMA is recorded $173.72, while a 200-day SMA reached $171.01. Nevertheless, trading volume fell to 4.13 million shares from 4.4 million shares the previous day.
Support And Resistance Levels for PepsiCo Inc (PEP)
According to the 24-hour chart, there is a support level at 173.75, which, if violated, would cause prices to drop to 172.84. In the upper region, resistance lies at 175.53. The next price resistance is at 176.39. RSI (Relative Strength Index) is 55.93 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.12, which suggests the price will increase in the coming days. Percent R is at 24.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
