Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Arthur J. Gallagher & Co shares valued at $803,600 were sold by Mead Christopher E on Oct 28 ’24. At $287.00 per share, Mead Christopher E sold 2,800 shares. The insider’s holdings dropped to 14,674 shares worth approximately $4.13 million following the completion of this transaction.
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Also, HOWELL DOUGLAS K sold 7,000 shares, netting a total of over 1,992,900 in proceeds. Following the sale of shares at $284.70 each, the insider now holds 75,963 shares.
Before that, Mead Christopher E had added 2,800 shares to its account. In a trade valued at $803,600, the Officer bought Arthur J. Gallagher & Co shares for $287.00 each.
As published in their initiating research note from Barclays on September 05, 2024, Arthur J. Gallagher & Co [AJG] has been an Equal weight and the price target has been revised to $300. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early April. As of January 10, 2024, TD Cowen has initiated its “Market perform” rating for AJG. Earlier on January 09, 2024, Jefferies downgraded its rating. Their new recommendation was “a Hold” for AJG stock which previously was a “a Buy”.
Analyzing AJG Stock Performance
During the last five days, there has been a drop of approximately -2.21%. Over the course of the year, Arthur J. Gallagher & Co shares have jumped approximately 25.04%. Shares of the company reached a 52-week high of $301.04 on 09/16/24 and a 52-week low of $223.43 on 01/05/24. A 50-day SMA is recorded $288.84, while a 200-day SMA reached $262.19. Nevertheless, trading volume fell to 0.86 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for Arthur J. Gallagher & Co (AJG)
According to the 24-hour chart, there is a support level at 279.65, which, if violated, would cause prices to drop to 278.10. In the upper region, resistance lies at 284.29. The next price resistance is at 287.38. RSI (Relative Strength Index) is 41.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.54, which suggests the price will decrease in the coming days. Percent R is at 75.80%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
