Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Graco Inc shares valued at $1,061,887 were sold by Chambers Caroline M on Nov 14 ’24. At $88.49 per share, Chambers Caroline M sold 12,000 shares. The insider’s holdings dropped to 57,426 shares worth approximately $5.15 million following the completion of this transaction.
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Also, O’Shea Peter J sold 18,075 shares, netting a total of over 1,604,290 in proceeds. Following the sale of shares at $88.76 each, the insider now holds 14,516 shares.
Before that, O’Shea Peter J had added 18,075 shares to its account. In a trade valued at $1,604,337, the Officer bought Graco Inc shares for $88.76 each.
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 0.48%. Over the course of the year, Graco Inc shares have jumped approximately 3.27%. 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 $85.70, while a 200-day SMA reached $84.87. Nevertheless, trading volume fell to 0.52 million shares from 0.54 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 88.56, which, if violated, would cause prices to drop to 87.52. In the upper region, resistance lies at 90.15. The next price resistance is at 90.70. RSI (Relative Strength Index) is 62.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.61, which suggests the price will decrease in the coming days. Percent R is at 20.36%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
