Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Procter & Gamble Co shares valued at $2,163,008 were sold by Purushothaman Balaji on Oct 24 ’24. At $168.99 per share, Purushothaman Balaji sold 12,800 shares. The insider’s holdings dropped to 11,566 shares worth approximately $1.98 million following the completion of this transaction.
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Also, Whaley Susan Street purchased 766 shares, netting a total of over 129,799 in proceeds.
Before that, Keith R. Alexandra had added 1,065 shares to its account. In a trade valued at $180,677, the Officer bought Procter & Gamble Co shares for $169.65 each.
As published in their initiating research note from DA Davidson on October 10, 2024, Procter & Gamble Co [PG] has been a Neutral and the price target has been revised to $159. Analysts at Barclays downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in late September. As of September 24, 2024, Piper Sandler has initiated its “Neutral” rating for PG. Earlier on August 29, 2024, DZ Bank upgraded its rating. Their new recommendation was “a Buy” for PG stock which previously was a “a Hold”.
Analyzing PG Stock Performance
During the last five days, there has been a surge of approximately 2.59%. Over the course of the year, Procter & Gamble Co shares have jumped approximately 16.62%. Shares of the company reached a 52-week high of $177.94 on 09/10/24 and a 52-week low of $146.28 on 01/22/24. A 50-day SMA is recorded $170.00, while a 200-day SMA reached $165.82. Nevertheless, trading volume fell to 7.05 million shares from 5.68 million shares the previous day.
Support And Resistance Levels for Procter & Gamble Co (PG)
According to the 24-hour chart, there is a support level at 169.91, which, if violated, would cause prices to drop to 168.92. In the upper region, resistance lies at 171.47. The next price resistance is at 172.05. RSI (Relative Strength Index) is 58.21 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.97, which suggests the price will increase in the coming days. Percent R is at 4.81%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
