Paccar Inc’s recently made public that its CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON unloaded Company’s shares for reported $2.81 million on Nov 01 ’24. In the deal valued at $103.52 per share,27,191 shares were sold. As a result of this transaction, FEIGHT R PRESTON now holds 171,776 shares worth roughly $20.0 million.
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Then, FEIGHT R PRESTON bought 27,191 shares, generating $2,814,732 in total proceeds.
Before that, BANEY KEVIN D sold 9,894 shares. Paccar Inc shares valued at $1,058,671 were divested by the Senior Vice President at a price of $107.00 per share. As a result of the transaction, BANEY KEVIN D now holds 7,121 shares, worth roughly $0.83 million.
Raymond James initiated its Paccar Inc [PCAR] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Neutral”‘ rating. RBC Capital Mkts began covering PCAR with “Sector perform” recommendation on March 26, 2024. UBS revised its rating on March 15, 2024. It rated PCAR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PCAR
On Monday, Paccar Inc [NASDAQ:PCAR] saw its stock jump 1.79% to $116.43. Over the last five days, the stock has gained 11.08%. Paccar Inc shares have risen nearly 19.23% since the year began. Nevertheless, the stocks have risen 39.98% over the past one year. While a 52-week high of $125.50 was reached on 03/28/24, a 52-week low of $82.97 was recorded on 08/05/24. SMA at 50 days reached $102.34, while 200 days put it at $106.04.
Levels Of Support And Resistance For PCAR Stock
The 24-hour chart illustrates a support level at 115.31, which if violated will result in even more drops to 114.18. On the upside, there is a resistance level at 117.25. A further resistance level may holdings at 118.06. The Relative Strength Index (RSI) on the 14-day chart is 68.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.40%. Stochastics %K at 80.85% indicates the stock is a selling.
How much short interest is there in Paccar Inc?
A steep rise in short interest was recorded in Paccar Inc stocks on 2024-10-15, dropping by -0.13 million shares to a total of 14.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.47 million shares. There was a decline of -0.94%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $117 price target.
