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Checking in on Procter & Gamble Co. (PG) after recent insiders movement

In a filing, Procter & Gamble Co. revealed its Officer Purushothaman Balaji acquired Company’s shares for reported $6.64 million on Oct 21 ’24. In the deal valued at $172.72 per share,38,427 shares were bought.

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Then, Keith R. Alexandra bought 1,992 shares, generating $344,058 in total proceeds.

Before that, Keith R. Alexandra sold 1,678 shares. Procter & Gamble Co. shares valued at $286,921 were divested by the CEO – Beauty at a price of $170.99 per share. As a result of the transaction, Keith R. Alexandra now holds 15,775 shares, worth roughly $2.7 million.

DA Davidson initiated its Procter & Gamble Co. [PG] rating to a Neutral in a research note published on October 10, 2024; the price target was $159. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “an Equal weight”. Piper Sandler began covering PG with “Neutral” recommendation on September 24, 2024. DZ Bank revised its rating on August 29, 2024. It rated PG as “a Buy” which previously was an “a Hold”.

Price Performance Review of PG

On Friday, Procter & Gamble Co. [NYSE:PG] saw its stock fall -0.58% to $171.28. Over the last five days, the stock has gained 0.11%. Procter & Gamble Co. shares have risen nearly 16.88% since the year began. Nevertheless, the stocks have risen 14.16% over the past one year. While a 52-week high of $177.94 was reached on 09/10/24, a 52-week low of $142.50 was recorded on 01/22/24. SMA at 50 days reached $171.74, while 200 days put it at $164.13.

Levels Of Support And Resistance For PG Stock

The 24-hour chart illustrates a support level at 169.09, which if violated will result in even more drops to 166.90. On the upside, there is a resistance level at 172.84. A further resistance level may holdings at 174.40. The Relative Strength Index (RSI) on the 14-day chart is 48.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 41.98%. Stochastics %K at 66.13% indicates the stock is a holding.

How much short interest is there in Procter & Gamble Co.?

A steep rise in short interest was recorded in Procter & Gamble Co. stocks on 2024-09-30, dropping by -0.4 million shares to a total of 20.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 20.81 million shares. There was a decline of -1.94%, which implies that there is a negative sentiment for the stock.

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