The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Colgate-Palmolive Co shares valued at $4,273,424 were purchased by SUTULA STANLEY J III on Nov 05 ’24. At $94.11 per share, SUTULA STANLEY J III acquired 45,410 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Tsourapas Panagiotis sold 20,032 shares, netting a total of over 1,869,010 in proceeds. Following the sale of shares at $93.30 each, the insider now holds 49,172 shares.
Before that, SUTULA STANLEY J III had sold 50,000 shares from its account. In a trade valued at $4,676,310, the Chief Financial Officer traded Colgate-Palmolive Co shares for $93.53 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $3.31 million.
As published in a research note from Stifel on October 28, 2024, Colgate-Palmolive Co [CL] has been rated down from a Buy to a Hold and the price target has been revised to $101 from $105. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late September. As of September 16, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for CL. Earlier on September 09, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for CL stock which previously was a “a Buy”.
Analyzing CL Stock Performance
During the last five days, there has been a drop of approximately -4.69%. Over the course of the year, Colgate-Palmolive Co shares have jumped approximately 13.19%. Shares of the company reached a 52-week high of $109.30 on 09/05/24 and a 52-week low of $79.39 on 01/02/24. A 50-day SMA is recorded $101.48, while a 200-day SMA reached $94.73. Nevertheless, trading volume fell to 8.77 million shares from 3.3 million shares the previous day.
Support And Resistance Levels for Colgate-Palmolive Co (CL)
According to the 24-hour chart, there is a support level at 88.62, which, if violated, would cause prices to drop to 87.02. In the upper region, resistance lies at 93.24. The next price resistance is at 96.26. RSI (Relative Strength Index) is 22.31 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.31, which suggests the price will decrease in the coming days. Percent R is at 98.29%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
