The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Procter & Gamble Co. shares valued at $2,163,008 were sold by Purushothaman Balaji on Oct 24 ’24. At $168.99 per share, Purushothaman Balaji sold 12,800 shares. The insider’s holdings dropped to 11,566 shares worth approximately $1.92 million following the completion of this transaction.
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Also, Whaley Susan Street purchased 766 shares, netting a total of over 129,799 in proceeds.
Before that, Keith R. Alexandra had added 1,065 shares to its account. In a trade valued at $180,677, the Officer bought Procter & Gamble Co. shares for $169.65 each.
As published in their initiating research note from DA Davidson on October 10, 2024, Procter & Gamble Co. [PG] has been a Neutral and the price target has been revised to $159. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late September. As of September 24, 2024, Piper Sandler has initiated its “Neutral” rating for PG. Earlier on August 29, 2024, DZ Bank upgraded its rating. Their new recommendation was “a Buy” for PG stock which previously was a “a Hold”.
Analyzing PG Stock Performance
During the last five days, there has been a drop of approximately -2.02%. Over the course of the year, Procter & Gamble Co. shares have jumped approximately 13.39%. Shares of the company reached a 52-week high of $177.94 on 09/10/24 and a 52-week low of $146.28 on 01/22/24. A 50-day SMA is recorded $171.77, while a 200-day SMA reached $164.90. Nevertheless, trading volume fell to 5.48 million shares from 5.68 million shares the previous day.
Support And Resistance Levels for Procter & Gamble Co. (PG)
According to the 24-hour chart, there is a support level at 165.64, which, if violated, would cause prices to drop to 165.12. In the upper region, resistance lies at 167.00. The next price resistance is at 167.84. RSI (Relative Strength Index) is 35.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.63, which suggests the price will decrease in the coming days. Percent R is at 97.76%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
