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Graco Inc (GGG) receives a Neutral rating from Exane BNP Paribas

Graco Inc’s filing revealed that its President, EMEA Chambers Caroline M unloaded Company’s shares for reported $1.06 million on Nov 14 ’24. In the deal valued at $88.49 per share,12,000 shares were sold. As a result of this transaction, Chambers Caroline M now holds 57,426 shares worth roughly $5.18 million.

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Then, O’Shea Peter J sold 18,075 shares, generating $1,604,290 in total proceeds. Upon selling the shares at $88.76, the President, WW LED, Pres SCA now owns 14,516 shares.

Before that, O’Shea Peter J bought 18,075 shares. Graco Inc shares valued at $1,604,337 were divested by the Officer at a price of $88.76 per share.

Exane BNP Paribas initiated its Graco Inc [GGG] rating to a Neutral in a research note published on October 05, 2023; the price target was $73. Seaport Research Partners also remained covering GGG and has increased its forecast on February 02, 2023 with a “Buy” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on July 14, 2022. It rated GGG as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of GGG

On Monday, Graco Inc [NYSE:GGG] saw its stock jump 0.61% to $90.17. Over the last five days, the stock has gained 1.22%. Graco Inc shares have risen nearly 3.93% since the year began. Nevertheless, the stocks have risen 13.32% over the past one year. While a 52-week high of $94.77 was reached on 03/21/24, a 52-week low of $77.49 was recorded on 07/01/24. SMA at 50 days reached $85.31, while 200 days put it at $84.84.

Levels Of Support And Resistance For GGG Stock

The 24-hour chart illustrates a support level at 89.01, which if violated will result in even more drops to 87.85. On the upside, there is a resistance level at 91.36. A further resistance level may holdings at 92.56. The Relative Strength Index (RSI) on the 14-day chart is 68.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.07, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.80%. Stochastics %K at 93.51% indicates the stock is a selling.

How much short interest is there in Graco Inc?

A steep rise in short interest was recorded in Graco Inc stocks on 2024-10-31, dropping by 16804.0 shares to a total of 1.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.38 million shares. There was a decline of -1.23%, which implies that there is a negative sentiment for the stock.

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