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Taking a Closer Look At Colgate-Palmolive Co (CL) Following Its Recent Trade

Colgate-Palmolive Co’s recently made public that its Chief Financial Officer SUTULA STANLEY J III unloaded Company’s shares for reported $4.27 million on Nov 05 ’24. In the deal valued at $94.11 per share,45,410 shares were sold. As a result of this transaction, SUTULA STANLEY J III now holds 36,726 shares worth roughly $3.44 million.

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Then, SUTULA STANLEY J III bought 45,410 shares, generating $4,273,424 in total proceeds.

Before that, Tsourapas Panagiotis sold 20,032 shares. Colgate-Palmolive Co shares valued at $1,869,010 were divested by the Grp Pres, Eur& Developing Mkts at a price of $93.30 per share. As a result of the transaction, Tsourapas Panagiotis now holds 49,172 shares, worth roughly $4.6 million.

Stifel downgraded its Colgate-Palmolive Co [CL] rating to a Hold from a a Buy in a research note published on October 28, 2024; the price target was decreased to $101 from $105. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late September with a ‘”an Overweight”‘ rating. Wells Fargo also remained covering CL and has decreased its forecast on September 16, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Deutsche Bank revised its rating on September 09, 2024. It rated CL as “a Hold” which previously was an “a Buy”.

Price Performance Review of CL

On Friday, Colgate-Palmolive Co [NYSE:CL] saw its stock jump 2.31% to $93.56. Over the last five days, the stock has gained 1.07%. Colgate-Palmolive Co shares have risen nearly 17.38% since the year began. Nevertheless, the stocks have risen 23.97% over the past one year. While a 52-week high of $109.30 was reached on 09/05/24, a 52-week low of $75.17 was recorded on 01/02/24. SMA at 50 days reached $99.31, while 200 days put it at $95.03.

Levels Of Support And Resistance For CL Stock

The 24-hour chart illustrates a support level at 91.82, which if violated will result in even more drops to 90.08. On the upside, there is a resistance level at 94.72. A further resistance level may holdings at 95.88. The Relative Strength Index (RSI) on the 14-day chart is 43.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.77%. Stochastics %K at 32.99% indicates the stock is a holding.

How much short interest is there in Colgate-Palmolive Co?

A steep rise in short interest was recorded in Colgate-Palmolive Co stocks on 2024-10-31, growing by 0.22 million shares to a total of 10.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 10.2 million shares. There was a rise of 2.13%, which implies that there is a positive sentiment for the stock.

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