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Taking a Closer Look At Paccar Inc (PCAR) Following Its Recent Trade

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In a filing, Paccar Inc revealed 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 $19.22 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 $0.8 million.

Evercore ISI upgraded its Paccar Inc [PCAR] rating to an Outperform from a an In-line in a research note published on November 13, 2024; the price target was increased to $129 from $99. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. Citigroup began covering PCAR with “Neutral” recommendation on June 26, 2024. RBC Capital Mkts started covering the stock on March 26, 2024. It rated PCAR as “a Sector perform”.

Price Performance Review of PCAR

On Monday, Paccar Inc [NASDAQ:PCAR] saw its stock fall -0.34% to $111.88. Over the last five days, the stock has lost -3.91%. Paccar Inc shares have risen nearly 14.57% since the year began. Nevertheless, the stocks have risen 27.22% over the past one year. While a 52-week high of $125.50 was reached on 03/28/24, a 52-week low of $87.34 was recorded on 08/05/24. SMA at 50 days reached $104.37, while 200 days put it at $106.36.

Levels Of Support And Resistance For PCAR Stock

The 24-hour chart illustrates a support level at 111.38, which if violated will result in even more drops to 110.88. On the upside, there is a resistance level at 112.81. A further resistance level may holdings at 113.75. The Relative Strength Index (RSI) on the 14-day chart is 55.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.96%. Stochastics %K at 68.01% indicates the stock is a holding.

How much short interest is there in Paccar Inc?

A steep rise in short interest was recorded in Paccar Inc stocks on 2024-10-31, dropping by -1.06 million shares to a total of 13.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 14.61 million shares. There was a decline of -7.86%, which implies that there is a negative sentiment for the stock.

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