Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Paccar Inc shares valued at $2,814,733 were sold by FEIGHT R PRESTON on Nov 01 ’24. At $103.52 per share, FEIGHT R PRESTON sold 27,191 shares. The insider’s holdings dropped to 171,776 shares worth approximately $19.36 million following the completion of this transaction.
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Also, FEIGHT R PRESTON purchased 27,191 shares, netting a total of over 2,814,732 in proceeds.
Before that, BANEY KEVIN D had sold 9,894 shares from its account. In a trade valued at $1,058,671, the Senior Vice President traded Paccar Inc shares for $107.00 each. Upon closing the transaction, the insider’s holdings decreased to 9,894 shares, worth approximately $0.8 million.
As published in their initiating research note from Raymond James on June 28, 2024, Paccar Inc [PCAR] has been a Mkt perform. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late June. As of March 26, 2024, RBC Capital Mkts has initiated its “Sector perform” rating for PCAR. Earlier on March 15, 2024, UBS upgraded its rating. Their new recommendation was “a Buy” for PCAR stock which previously was a “a Neutral”.
Analyzing PCAR Stock Performance
During the last five days, there has been a surge of approximately 8.09%. Over the course of the year, Paccar Inc shares have jumped approximately 15.43%. Shares of the company reached a 52-week high of $125.50 on 03/28/24 and a 52-week low of $90.04 on 08/05/24. A 50-day SMA is recorded $101.54, while a 200-day SMA reached $105.91. Nevertheless, trading volume fell to 2.28 million shares from 4.62 million shares the previous day.
Support And Resistance Levels for Paccar Inc (PCAR)
According to the 24-hour chart, there is a support level at 111.34, which, if violated, would cause prices to drop to 109.95. In the upper region, resistance lies at 115.15. The next price resistance is at 117.57. RSI (Relative Strength Index) is 63.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.35, which suggests the price will increase in the coming days. Percent R is at 28.68%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
