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. Graco Inc shares valued at $1,604,337 were purchased by O’Shea Peter J on Nov 14 ’24. At $88.76 per share, O’Shea Peter J acquired 18,075 shares.
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Also, Chambers Caroline M purchased 12,000 shares, netting a total of over 1,062,000 in proceeds.
Before that, Thompson David J had sold 3,216 shares from its account. In a trade valued at $284,005, the President, Worldwide CED traded Graco Inc shares for $88.31 each. Upon closing the transaction, the insider’s holdings decreased to 3,216 shares, worth approximately $2.43 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 1.84%. Over the course of the year, Graco Inc shares have jumped approximately 2.78%. 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 $84.94, while a 200-day SMA reached $84.81. Nevertheless, trading volume fell to 1.81 million shares from 0.87 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 88.35, which, if violated, would cause prices to drop to 87.53. In the upper region, resistance lies at 89.74. The next price resistance is at 90.32. RSI (Relative Strength Index) is 65.96 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.22, which suggests the price will increase in the coming days. Percent R is at 3.66%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
