PNC Financial Services Group Inc’s recent filing unveils that its CEO DEMCHAK WILLIAM S unloaded Company’s shares for reported $0.24 million on Nov 01 ’24. In the deal valued at $189.50 per share,1,242 shares were sold. As a result of this transaction, DEMCHAK WILLIAM S now holds 543,523 shares worth roughly $101.07 million.
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Then, DEMCHAK WILLIAM S bought 1,242 shares, generating $235,359 in total proceeds.
Before that, DEMCHAK WILLIAM S sold 1,242 shares. PNC Financial Services Group Inc shares valued at $236,315 were divested by the CEO at a price of $190.27 per share. As a result of the transaction, DEMCHAK WILLIAM S now holds 544,765 shares, worth roughly $101.3 million.
BofA Securities upgraded its PNC Financial Services Group Inc [PNC] rating to a Buy from a a Neutral in a research note published on August 15, 2024; the price target was increased to $200 from $185. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “a Buy”. HSBC Securities also remained covering PNC and has increased its forecast on March 28, 2024 with a “Hold” recommendation from previously “Reduce” rating. Odeon revised its rating on December 14, 2023. It rated PNC as “a Buy” which previously was an “a Hold”.
Price Performance Review of PNC
On Monday, PNC Financial Services Group Inc [NYSE:PNC] saw its stock fall -0.64% to $185.95. Over the last five days, the stock has lost -2.04%. PNC Financial Services Group Inc shares have risen nearly 20.08% since the year began. Nevertheless, the stocks have risen 55.15% over the past one year. While a 52-week high of $196.64 was reached on 10/15/24, a 52-week low of $114.51 was recorded on 02/21/24. SMA at 50 days reached $183.94, while 200 days put it at $164.26.
Levels Of Support And Resistance For PNC Stock
The 24-hour chart illustrates a support level at 184.89, which if violated will result in even more drops to 183.84. On the upside, there is a resistance level at 187.65. A further resistance level may holdings at 189.36. The Relative Strength Index (RSI) on the 14-day chart is 49.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.08%. Stochastics %K at 27.06% indicates the stock is a holding.
How much short interest is there in PNC Financial Services Group Inc?
A steep rise in short interest was recorded in PNC Financial Services Group Inc stocks on 2024-10-15, growing by 0.1 million shares to a total of 5.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.5 million shares. There was a rise of 1.86%, which implies that there is a positive sentiment for the stock.
