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Northcoast downgrades Pentair plc (PNR) stock to a Neutral

In a filing, Pentair plc revealed its Officer Rolchigo Philip M. acquired Company’s shares for reported $0.36 million on Nov 01 ’24. In the deal valued at $99.67 per share,3,588 shares were bought.

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Then, JONES DAVID A /WI sold 2,004 shares, generating $178,356 in total proceeds. Upon selling the shares at $89.00, the Director now owns 25,016 shares.

Before that, JONES DAVID A /WI sold 2,004 shares. Pentair plc shares valued at $177,234 were divested by the Director at a price of $88.44 per share. As a result of the transaction, JONES DAVID A /WI now holds 25,016 shares, worth roughly $2.49 million.

Northcoast downgraded its Pentair plc [PNR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Northcoast’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “a Buy”. Goldman also remained covering PNR and has decreased its forecast on March 22, 2024 with a “Neutral” recommendation from previously “Buy” rating. Exane BNP Paribas started covering the stock on March 12, 2024. It rated PNR as “a Neutral”.

Price Performance Review of PNR

On Monday, Pentair plc [NYSE:PNR] saw its stock jump 1.20% to $99.65. Over the last five days, the stock has gained 0.67%. Pentair plc shares have risen nearly 37.05% since the year began. Nevertheless, the stocks have risen 65.42% over the past one year. While a 52-week high of $101.00 was reached on 11/04/24, a 52-week low of $59.61 was recorded on 01/04/24. SMA at 50 days reached $94.44, while 200 days put it at $83.56.

Levels Of Support And Resistance For PNR Stock

The 24-hour chart illustrates a support level at 98.49, which if violated will result in even more drops to 97.33. On the upside, there is a resistance level at 101.05. A further resistance level may holdings at 102.45. The Relative Strength Index (RSI) on the 14-day chart is 63.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.27%. Stochastics %K at 54.53% indicates the stock is a holding.

How much short interest is there in Pentair plc?

A steep rise in short interest was recorded in Pentair plc stocks on 2024-10-15, dropping by -0.29 million shares to a total of 2.83 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.12 million shares. There was a decline of -10.1%, which implies that there is a negative sentiment for the stock.

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