PPG Industries, Inc.’s filing revealed that its Chairman and CEO KNAVISH TIMOTHY M acquired Company’s shares for reported $0.27 million on May 08 ’24. In the deal valued at $133.24 per share,2,061 shares were bought. As a result of this transaction, KNAVISH TIMOTHY M now holds 35,833 shares worth roughly $4.69 million.
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Then, Morales Vincent J sold 3,400 shares, generating $479,196 in total proceeds. Upon selling the shares at $140.94, the Senior VP & CFO now owns 28,439 shares.
Seaport Research Partners upgraded its PPG Industries, Inc. [PPG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in late April from “an Outperform” to “an In-line”. Wells Fargo also remained covering PPG and has increased its forecast on April 11, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. UBS revised its rating on March 07, 2024. It rated PPG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of PPG
On Friday, PPG Industries, Inc. [NYSE:PPG] saw its stock fall -0.33% to $130.93. Over the last five days, the stock has gained 2.09%. PPG Industries, Inc. shares have fallen nearly -12.45% since the year began. Nevertheless, the stocks have risen 2.47% over the past one year. While a 52-week high of $151.16 was reached on 01/02/24, a 52-week low of $118.07 was recorded on 08/07/24. SMA at 50 days reached $127.00, while 200 days put it at $133.04.
Levels Of Support And Resistance For PPG Stock
The 24-hour chart illustrates a support level at 129.91, which if violated will result in even more drops to 128.88. On the upside, there is a resistance level at 132.07. A further resistance level may holdings at 133.20. The Relative Strength Index (RSI) on the 14-day chart is 58.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 35.50%. Stochastics %K at 53.19% indicates the stock is a holding.
How much short interest is there in PPG Industries, Inc.?
A steep rise in short interest was recorded in PPG Industries, Inc. stocks on 2024-09-30, dropping by -0.33 million shares to a total of 2.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.85 million shares. There was a decline of -13.14%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating .
