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. Perrigo Company plc shares valued at $244,444 were sold by Doyle Katherine C. on Sep 13 ’24. At $27.30 per share, Doyle Katherine C. sold 8,954 shares. The insider’s holdings dropped to 6,009 shares worth approximately $0.16 million following the completion of this transaction.
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Also, Doyle Katherine C. purchased 8,954 shares, netting a total of over 244,444 in proceeds.
Before that, Janish Ronald Craig had sold 13,000 shares from its account. In a trade valued at $382,246, the EVP, Gbl Ops & SC & CTO traded Perrigo Company plc shares for $29.40 each. Upon closing the transaction, the insider’s holdings decreased to 13,000 shares, worth approximately $0.55 million.
Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid November. As of March 07, 2023, Canaccord Genuity has initiated its “Buy” rating for PRGO. Earlier on September 14, 2022, Argus upgraded its rating. Their new recommendation was “a Buy” for PRGO stock which previously was a “a Hold”.
Analyzing PRGO Stock Performance
During the last five days, there has been a surge of approximately 5.07%. Over the course of the year, Perrigo Company plc shares have dropped approximately -16.31%. Shares of the company reached a 52-week high of $34.60 on 01/09/24 and a 52-week low of $23.89 on 10/10/24. A 50-day SMA is recorded $26.18, while a 200-day SMA reached $28.55. Nevertheless, trading volume fell to 1.8 million shares from 3.63 million shares the previous day.
Support And Resistance Levels for Perrigo Company plc (PRGO)
According to the 24-hour chart, there is a support level at 26.61, which, if violated, would cause prices to drop to 26.28. In the upper region, resistance lies at 27.49. The next price resistance is at 28.04. RSI (Relative Strength Index) is 59.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.71, which suggests the price will decrease in the coming days. Percent R is at 27.53%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
