Parker-Hannifin Corp’s recently made public that its Officer Angela Ives acquired Company’s shares for reported $0.12 million on Nov 01 ’24. In the deal valued at $634.94 per share,187 shares were bought.
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Then, Joseph Leonti bought 5,877 shares, generating $3,707,975 in total proceeds.
Before that, Bracht Berend sold 850 shares. Parker-Hannifin Corp shares valued at $503,982 were divested by the VP & Pres.- Motion Sys. Grp. at a price of $592.92 per share. As a result of the transaction, Bracht Berend now holds 3,350 shares, worth roughly $2.13 million.
Raymond James initiated its Parker-Hannifin Corp [PH] rating to an Outperform in a research note published on June 28, 2024; the price target was $610. A number of analysts have revised their coverage, including Mizuho’s analysts, who increased its forecast for the stock in late May from “a Neutral” to “a Buy”. Truist began covering PH with “Buy” recommendation on March 14, 2024. TD Cowen revised its rating on March 01, 2024. It rated PH as “a Market perform” which previously was an “an Underperform”.
Price Performance Review of PH
On Friday, Parker-Hannifin Corp [NYSE:PH] saw its stock jump 0.15% to $635.03. Over the last five days, the stock has gained 2.14%. Parker-Hannifin Corp shares have risen nearly 37.84% since the year began. Nevertheless, the stocks have risen 71.41% over the past one year. While a 52-week high of $646.60 was reached on 10/15/24, a 52-week low of $362.60 was recorded on 01/03/24. SMA at 50 days reached $615.27, while 200 days put it at $553.99.
Levels Of Support And Resistance For PH Stock
The 24-hour chart illustrates a support level at 628.78, which if violated will result in even more drops to 622.52. On the upside, there is a resistance level at 641.37. A further resistance level may holdings at 647.71. The Relative Strength Index (RSI) on the 14-day chart is 59.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.44, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.54%. Stochastics %K at 55.16% indicates the stock is a holding.
How much short interest is there in Parker-Hannifin Corp?
A steep rise in short interest was recorded in Parker-Hannifin Corp stocks on 2024-10-15, dropping by -0.17 million shares to a total of 0.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.16 million shares. There was a decline of -17.38%, which implies that there is a negative sentiment for the stock.
