Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Graco Inc shares valued at $284,005 were sold by Thompson David J on Nov 07 ’24. At $88.31 per share, Thompson David J sold 3,216 shares. The insider’s holdings dropped to 27,246 shares worth approximately $2.39 million following the completion of this transaction.
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Also, Etchart Eric sold 1,866 shares, netting a total of over 164,357 in proceeds. Following the sale of shares at $88.08 each, the insider now holds 45,408 shares.
Before that, Chambers Caroline M had sold 12,000 shares from its account. In a trade valued at $1,062,865, the President, EMEA traded Graco Inc shares for $88.57 each. Upon closing the transaction, the insider’s holdings decreased to 12,000 shares, worth approximately $5.03 million.
As published in their initiating research note from Exane BNP Paribas on October 05, 2023, Graco Inc [GGG] has been a Neutral and the price target has been revised to $73. As of February 02, 2023, Seaport Research Partners has increased its “Neutral” rating to a “Buy” for GGG. Earlier on July 14, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for GGG stock which previously was a “an Outperform”.
Analyzing GGG Stock Performance
During the last five days, there has been a surge of approximately 7.50%. Over the course of the year, Graco Inc shares have jumped approximately 0.92%. Shares of the company reached a 52-week high of $94.77 on 03/21/24 and a 52-week low of $77.49 on 07/01/24. A 50-day SMA is recorded $84.27, while a 200-day SMA reached $84.73. Nevertheless, trading volume fell to 0.74 million shares from 1.01 million shares the previous day.
Support And Resistance Levels for Graco Inc (GGG)
According to the 24-hour chart, there is a support level at 87.10, which, if violated, would cause prices to drop to 86.65. In the upper region, resistance lies at 88.30. The next price resistance is at 89.05. RSI (Relative Strength Index) is 63.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.48, which suggests the price will increase in the coming days. Percent R is at 16.46%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
