Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. PNC Financial Services Group Inc shares valued at $258,485 were sold by DEMCHAK WILLIAM S on Nov 15 ’24. At $208.12 per share, DEMCHAK WILLIAM S sold 1,242 shares. The insider’s holdings dropped to 536,249 shares worth approximately $110.33 million following the completion of this transaction.
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Also, DEMCHAK WILLIAM S purchased 1,242 shares, netting a total of over 258,485 in proceeds.
Before that, Feldstein Andrew T had sold 15,491 shares from its account. In a trade valued at $3,254,436, the Director traded PNC Financial Services Group Inc shares for $210.09 each. Upon closing the transaction, the insider’s holdings decreased to 15,491 shares, worth approximately $5.78 million.
As published in a research note from BofA Securities on August 15, 2024, PNC Financial Services Group Inc [PNC] has been rated up from a Neutral to a Buy and the price target has been revised to $200 from $185. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early July. As of March 28, 2024, HSBC Securities has increased its “Reduce” rating to a “Hold” for PNC. Earlier on December 14, 2023, Odeon upgraded its rating. Their new recommendation was “a Buy” for PNC stock which previously was a “a Hold”.
Analyzing PNC Stock Performance
During the last five days, there has been a drop of approximately -1.06%. Over the course of the year, PNC Financial Services Group Inc shares have jumped approximately 32.87%. Shares of the company reached a 52-week high of $214.19 on 11/13/24 and a 52-week low of $139.69 on 02/21/24. A 50-day SMA is recorded $190.34, while a 200-day SMA reached $167.86. Nevertheless, trading volume fell to 3.18 million shares from 1.61 million shares the previous day.
Support And Resistance Levels for PNC Financial Services Group Inc (PNC)
According to the 24-hour chart, there is a support level at 203.83, which, if violated, would cause prices to drop to 201.91. In the upper region, resistance lies at 207.79. The next price resistance is at 209.82. RSI (Relative Strength Index) is 63.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.00, which suggests the price will increase in the coming days. Percent R is at 29.46%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
