Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Paccar Inc. shares valued at $1,058,671 were sold by BANEY KEVIN D on Oct 28 ’24. At $107.00 per share, BANEY KEVIN D sold 9,894 shares. The insider’s holdings dropped to 7,121 shares worth approximately $0.75 million following the completion of this transaction.
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Also, SCHIPPERS HARRIE sold 20,000 shares, netting a total of over 2,138,564 in proceeds. Following the sale of shares at $106.93 each, the insider now holds 105,558 shares.
Before that, HUBBARD TODD R had sold 3,230 shares from its account. In a trade valued at $346,486, the VICE PRESIDENT traded Paccar Inc. shares for $107.27 each. Upon closing the transaction, the insider’s holdings decreased to 3,230 shares, worth approximately $0.32 million.
As published in their initiating research note from Raymond James on June 28, 2024, Paccar Inc. [PCAR] has been a Mkt perform. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of March 26, 2024, RBC Capital Mkts has initiated its “Sector perform” rating for PCAR. Earlier on March 15, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for PCAR stock which previously was a “a Neutral”.
Analyzing PCAR Stock Performance
During the last five days, there has been a surge of approximately 1.06%. Over the course of the year, Paccar Inc. shares have jumped approximately 7.42%. Shares of the company reached a 52-week high of $125.50 on 03/28/24 and a 52-week low of $90.04 on 08/05/24. A 50-day SMA is recorded $100.01, while a 200-day SMA reached $105.59. Nevertheless, trading volume fell to 2.34 million shares from 1.99 million shares the previous day.
Support And Resistance Levels for Paccar Inc. (PCAR)
According to the 24-hour chart, there is a support level at 104.27, which, if violated, would cause prices to drop to 103.63. In the upper region, resistance lies at 106.10. The next price resistance is at 107.29. RSI (Relative Strength Index) is 52.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.48, which suggests the price will decrease in the coming days. Percent R is at 54.08%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
