Performance Food Group Company’s recent filing unveils that its insider Hagerty Patrick T. unloaded Company’s shares for reported $0.6 million on Aug 30 ’24. In the deal valued at $74.56 per share,8,000 shares were sold. As a result of this transaction, Hagerty Patrick T. now holds 162,987 shares worth roughly $13.45 million.
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Then, PATRICK HAGERTY bought 8,000 shares, generating $596,400 in total proceeds.
Before that, McPherson Scott E sold 25,000 shares. Performance Food Group Company shares valued at $1,866,000 were divested by the insider at a price of $74.64 per share. As a result of the transaction, McPherson Scott E now holds 149,863 shares, worth roughly $12.37 million.
A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid October with a ‘”a Buy”‘ rating. Morgan Stanley also remained covering PFGC and has decreased its forecast on June 20, 2023 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Stephens started covering the stock on September 23, 2022. It rated PFGC as “an Overweight”.
Price Performance Review of PFGC
On Tuesday, Performance Food Group Company [NYSE:PFGC] saw its stock fall -0.04% to $82.51. Over the last five days, the stock has lost -0.24%. Performance Food Group Company shares have risen nearly 19.32% since the year began. Nevertheless, the stocks have risen 48.32% over the past one year. While a 52-week high of $83.70 was reached on 10/17/24, a 52-week low of $54.71 was recorded on 07/09/24. SMA at 50 days reached $76.39, while 200 days put it at $71.89.
Levels Of Support And Resistance For PFGC Stock
The 24-hour chart illustrates a support level at 82.13, which if violated will result in even more drops to 81.75. On the upside, there is a resistance level at 82.84. A further resistance level may holdings at 83.17. The Relative Strength Index (RSI) on the 14-day chart is 71.66, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.78, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.22%. Stochastics %K at 84.91% indicates the stock is a selling.
How much short interest is there in Performance Food Group Company?
A steep rise in short interest was recorded in Performance Food Group Company stocks on 2024-09-30, dropping by -0.27 million shares to a total of 2.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.64 million shares. There was a decline of -11.27%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 18, 2022 when Berenberg began covering the stock and recommended ‘”a Buy”‘ rating along with a $71 price target.
