Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Paccar Inc shares valued at $2,814,733 were sold by FEIGHT R PRESTON on Nov 01 ’24. At $103.52 per share, FEIGHT R PRESTON sold 27,191 shares. The insider’s holdings dropped to 171,776 shares worth approximately $19.59 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, FEIGHT R PRESTON purchased 27,191 shares, netting a total of over 2,814,732 in proceeds.
Before that, BANEY KEVIN D had sold 9,894 shares from its account. In a trade valued at $1,058,671, the Senior Vice President traded Paccar Inc shares for $107.00 each. Upon closing the transaction, the insider’s holdings decreased to 9,894 shares, worth approximately $0.81 million.
As published in a research note from Evercore ISI on November 13, 2024, Paccar Inc [PCAR] has been rated up from an In-line to an Outperform and the price target has been revised to $129 from $99. Analysts at Raymond James started covering the stock with ‘”a Mkt perform”‘ outlook in a report released in late June. As of June 26, 2024, Citigroup has initiated its “Neutral” rating for PCAR. Earlier on March 26, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “a Sector perform” for PCAR stock.
Analyzing PCAR Stock Performance
During the last five days, there has been a drop of approximately -0.88%. Over the course of the year, Paccar Inc shares have jumped approximately 16.79%. Shares of the company reached a 52-week high of $125.50 on 03/28/24 and a 52-week low of $90.04 on 08/05/24. A 50-day SMA is recorded $105.38, while a 200-day SMA reached $106.47. Nevertheless, trading volume fell to 1.62 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for Paccar Inc (PCAR)
According to the 24-hour chart, there is a support level at 111.75, which, if violated, would cause prices to drop to 109.44. In the upper region, resistance lies at 115.44. The next price resistance is at 116.82. RSI (Relative Strength Index) is 59.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.36, which suggests the price will decrease in the coming days. Percent R is at 26.24%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
