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Potential Price Increase for Perrigo Company plc (PRGO) After Recent Insider Activity

Perrigo Company plc’s recent filing unveils that its Director Doyle Katherine C. unloaded Company’s shares for reported $0.24 million on Sep 13 ’24. In the deal valued at $27.30 per share,8,954 shares were sold. As a result of this transaction, Doyle Katherine C. now holds 6,009 shares worth roughly $0.15 million.

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Then, Doyle Katherine C. bought 8,954 shares, generating $244,444 in total proceeds.

Before that, Janish Ronald Craig sold 13,000 shares. Perrigo Company plc shares valued at $382,246 were divested by the EVP, Gbl Ops & SC & CTO at a price of $29.40 per share. As a result of the transaction, Janish Ronald Craig now holds 20,553 shares, worth roughly $0.52 million.

A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid November with a ‘”an Overweight”‘ rating. Canaccord Genuity began covering PRGO with “Buy” recommendation on March 07, 2023. Argus revised its rating on September 14, 2022. It rated PRGO as “a Buy” which previously was an “a Hold”.

Price Performance Review of PRGO

On Monday, Perrigo Company plc [NYSE:PRGO] saw its stock fall -2.61% to $25.41. Over the last five days, the stock has lost -1.40%. Perrigo Company plc shares have fallen nearly -21.04% since the year began. Nevertheless, the stocks have fallen -8.73% over the past one year. While a 52-week high of $34.60 was reached on 01/09/24, a 52-week low of $23.89 was recorded on 10/10/24. SMA at 50 days reached $26.34, while 200 days put it at $28.65.

Levels Of Support And Resistance For PRGO Stock

The 24-hour chart illustrates a support level at 25.09, which if violated will result in even more drops to 24.76. On the upside, there is a resistance level at 25.96. A further resistance level may holdings at 26.50. The Relative Strength Index (RSI) on the 14-day chart is 48.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 47.26%. Stochastics %K at 66.24% indicates the stock is a holding.

How much short interest is there in Perrigo Company plc?

A steep rise in short interest was recorded in Perrigo Company plc stocks on 2024-10-15, growing by 1.21 million shares to a total of 5.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.26 million shares. There was a rise of 22.07%, which implies that there is a positive sentiment for the stock.

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