Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PPG Industries, Inc. shares valued at $274,615 were purchased by KNAVISH TIMOTHY M on May 08 ’24. At $133.24 per share, KNAVISH TIMOTHY M acquired 2,061 shares. The insider’s holdings grew to 35,833 shares worth approximately $4.5 million following the completion of this transaction.
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Also, Morales Vincent J sold 3,400 shares, netting a total of over 479,196 in proceeds. Following the sale of shares at $140.94 each, the insider now holds 28,439 shares.
As published in a research note from Seaport Research Partners on April 22, 2024, PPG Industries, Inc. [PPG] has been rated up from a Neutral to a Buy. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in late April. As of April 11, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for PPG. Earlier on March 07, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for PPG stock which previously was a “a Buy”.
Analyzing PPG Stock Performance
During the last five days, there has been a drop of approximately -0.48%. Over the course of the year, PPG Industries, Inc. shares have dropped approximately -15.97%. Shares of the company reached a 52-week high of $148.68 on 01/02/24 and a 52-week low of $118.07 on 08/07/24. A 50-day SMA is recorded $127.95, while a 200-day SMA reached $132.28. Nevertheless, trading volume fell to 1.97 million shares from 1.42 million shares the previous day.
Support And Resistance Levels for PPG Industries, Inc. (PPG)
According to the 24-hour chart, there is a support level at 124.93, which, if violated, would cause prices to drop to 124.19. In the upper region, resistance lies at 126.98. The next price resistance is at 128.29. RSI (Relative Strength Index) is 41.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.64, which suggests the price will decrease in the coming days. Percent R is at 94.90%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
