Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Graco Inc shares valued at $1,506,182 were sold by GILLIGAN J KEVIN on Jul 30 ’24. At $83.68 per share, GILLIGAN J KEVIN sold 18,000 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, GILLIGAN J KEVIN purchased 18,000 shares, netting a total of over 1,503,180 in proceeds.
Before that, O’Shea Peter J had sold 0 shares from its account. In a trade valued at $28, the President, WW LED, Pres SCA traded Graco Inc shares for $82.94 each. Upon closing the transaction, the insider’s holdings decreased to 0 shares, worth approximately $1.15 million.
As published in their initiating research note from Exane BNP Paribas on October 05, 2023, Graco Inc [GGG] has been a Neutral and the price target has been revised to $73. As of February 02, 2023, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for GGG. Earlier on July 14, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for GGG stock which previously was a “an Outperform”.
Analyzing GGG Stock Performance
During the last five days, there has been a drop of approximately -1.08%. Over the course of the year, Graco Inc shares have dropped approximately -6.12%. Shares of the company reached a 52-week high of $94.77 on 03/21/24 and a 52-week low of $77.49 on 07/01/24. A 50-day SMA is recorded $83.93, while a 200-day SMA reached $84.72. Nevertheless, trading volume fell to 0.97 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for Graco Inc (GGG)
According to the 24-hour chart, there is a support level at 80.94, which, if violated, would cause prices to drop to 80.43. In the upper region, resistance lies at 82.00. The next price resistance is at 82.54. RSI (Relative Strength Index) is 32.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.31, which suggests the price will decrease in the coming days. Percent R is at 84.54%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
