The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Performance Food Group Company shares valued at $1,785,542 were sold by KING A BRENT on Nov 18 ’24. At $83.44 per share, KING A BRENT sold 21,399 shares. The insider’s holdings dropped to 76,873 shares worth approximately $6.64 million following the completion of this transaction.
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Also, BRENT KING purchased 21,399 shares, netting a total of over 1,780,397 in proceeds.
Before that, Hagerty Patrick T. had sold 67,335 shares from its account. In a trade valued at $5,647,180, the insider traded Performance Food Group Company shares for $83.87 each. Upon closing the transaction, the insider’s holdings decreased to 67,335 shares, worth approximately $12.96 million.
As of October 19, 2023, Deutsche Bank has initiated its “Buy” rating for PFGC. Earlier on June 20, 2023, Morgan Stanley downgraded its rating. Their new recommendation was “an Equal-weight” for PFGC stock which previously was a “an Overweight”.
Analyzing PFGC Stock Performance
During the last five days, there has been a surge of approximately 0.76%. Over the course of the year, Performance Food Group Company shares have jumped approximately 24.95%. Shares of the company reached a 52-week high of $89.00 on 11/06/24 and a 52-week low of $61.60 on 07/09/24. A 50-day SMA is recorded $81.04, while a 200-day SMA reached $73.21. Nevertheless, trading volume fell to 0.67 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Performance Food Group Company (PFGC)
According to the 24-hour chart, there is a support level at 84.76, which, if violated, would cause prices to drop to 83.11. In the upper region, resistance lies at 87.33. The next price resistance is at 88.25. RSI (Relative Strength Index) is 61.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.33, which suggests the price will decrease in the coming days. Percent R is at 29.71%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
