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DA Davidson’s latest rating for PG stock

Procter & Gamble Co’s filing revealed that its Officer Coombe Gary A acquired Company’s shares for reported $8.15 million on Nov 22 ’24. In the deal valued at $170.29 per share,47,847 shares were bought.

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Then, Purushothaman Balaji sold 12,800 shares, generating $2,163,008 in total proceeds. Upon selling the shares at $168.99, the Chief Human Resources Officer now owns 11,566 shares.

Before that, Whaley Susan Street bought 766 shares. Procter & Gamble Co shares valued at $129,799 were divested by the Officer at a price of $169.45 per share.

DA Davidson initiated its Procter & Gamble Co [PG] rating to a Neutral in a research note published on October 10, 2024; the price target was $159. A number of analysts have revised their coverage, including Barclays’s analysts, who decreased its forecast for the stock in late September from “an Overweight” to “an Equal weight”. Piper Sandler began covering PG with “Neutral” recommendation on September 24, 2024. DZ Bank revised its rating on August 29, 2024. It rated PG as “a Buy” which previously was an “a Hold”.

Price Performance Review of PG

On Friday, Procter & Gamble Co [NYSE:PG] saw its stock jump 2.04% to $176.28. Over the last five days, the stock has gained 3.98%. Procter & Gamble Co shares have risen nearly 20.29% since the year began. Nevertheless, the stocks have risen 16.73% over the past one year. While a 52-week high of $177.94 was reached on 09/10/24, a 52-week low of $142.50 was recorded on 01/22/24. SMA at 50 days reached $170.03, while 200 days put it at $165.98.

Levels Of Support And Resistance For PG Stock

The 24-hour chart illustrates a support level at 174.31, which if violated will result in even more drops to 172.33. On the upside, there is a resistance level at 177.83. A further resistance level may holdings at 179.37. The Relative Strength Index (RSI) on the 14-day chart is 69.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.37%. Stochastics %K at 94.42% indicates the stock is a selling.

How much short interest is there in Procter & Gamble Co?

A steep rise in short interest was recorded in Procter & Gamble Co stocks on 2024-10-31, dropping by -1.7 million shares to a total of 18.72 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 20.42 million shares. There was a decline of -9.07%, which implies that there is a negative sentiment for the stock.

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