In a filing, Colgate-Palmolive Co. revealed its Director HUNDMEJEAN MARTINA unloaded Company’s shares for reported $0.24 million on Aug 23 ’24. In the deal valued at $103.86 per share,2,313 shares were sold. As a result of this transaction, HUNDMEJEAN MARTINA now holds 11,755 shares worth roughly $1.18 million.
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Then, HUNDMEJEAN MARTINA bought 2,313 shares, generating $240,228 in total proceeds.
Before that, Tsourapas Panagiotis sold 14,794 shares. Colgate-Palmolive Co. shares valued at $1,522,920 were divested by the Grp Pres, Eur& Developing Mkts at a price of $102.94 per share. As a result of the transaction, Tsourapas Panagiotis now holds 5,146 shares, worth roughly $0.52 million.
Piper Sandler initiated its Colgate-Palmolive Co. [CL] rating to an Overweight in a research note published on September 24, 2024; the price target was $121. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in mid September from “an Equal weight” to “an Underweight”. Deutsche Bank also remained covering CL and has decreased its forecast on September 09, 2024 with a “Hold” recommendation from previously “Buy” rating. HSBC Securities revised its rating on July 26, 2024. It rated CL as “a Hold” which previously was an “a Buy”.
Price Performance Review of CL
On Friday, Colgate-Palmolive Co. [NYSE:CL] saw its stock fall -0.07% to $100.46. Over the last five days, the stock has gained 0.36%. Colgate-Palmolive Co. shares have risen nearly 26.03% since the year began. Nevertheless, the stocks have risen 37.48% over the past one year. While a 52-week high of $109.30 was reached on 09/05/24, a 52-week low of $71.46 was recorded on 01/02/24. SMA at 50 days reached $103.35, while 200 days put it at $93.75.
Levels Of Support And Resistance For CL Stock
The 24-hour chart illustrates a support level at 99.30, which if violated will result in even more drops to 98.14. On the upside, there is a resistance level at 101.08. A further resistance level may holdings at 101.70. The Relative Strength Index (RSI) on the 14-day chart is 43.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.28%. Stochastics %K at 46.37% indicates the stock is a holding.
How much short interest is there in Colgate-Palmolive Co.?
A steep rise in short interest was recorded in Colgate-Palmolive Co. stocks on 2024-09-30, growing by 1.5 million shares to a total of 10.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.7 million shares. There was a rise of 14.7%, which implies that there is a positive sentiment for the stock.
