Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Performance Food Group Company shares valued at $596,480 were sold by Hagerty Patrick T. on Aug 30 ’24. At $74.56 per share, Hagerty Patrick T. sold 8,000 shares. The insider’s holdings dropped to 162,987 shares worth approximately $14.28 million following the completion of this transaction.
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Also, PATRICK HAGERTY purchased 8,000 shares, netting a total of over 596,400 in proceeds.
Before that, McPherson Scott E had sold 25,000 shares from its account. In a trade valued at $1,866,000, the insider traded Performance Food Group Company shares for $74.64 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $13.13 million.
As of October 19, 2023, Deutsche Bank has initiated its “Buy” rating for PFGC. Earlier on June 20, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for PFGC stock which previously was a “an Overweight”.
Analyzing PFGC Stock Performance
During the last five days, there has been a surge of approximately 7.79%. Over the course of the year, Performance Food Group Company shares have jumped approximately 26.71%. Shares of the company reached a 52-week high of $89.00 on 11/06/24 and a 52-week low of $61.60 on 07/09/24. A 50-day SMA is recorded $78.38, while a 200-day SMA reached $72.53. Nevertheless, trading volume fell to 3.39 million shares from 1.47 million shares the previous day.
Support And Resistance Levels for Performance Food Group Company (PFGC)
According to the 24-hour chart, there is a support level at 85.78, which, if violated, would cause prices to drop to 83.95. In the upper region, resistance lies at 89.23. The next price resistance is at 90.84. RSI (Relative Strength Index) is 78.79 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.32, which suggests the price will increase in the coming days. Percent R is at 15.77%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
