Deere & Co’s recent filing unveils that its Pres Ag & Turf, Prod & Prec Ag Reed Cory J unloaded Company’s shares for reported $5.05 million on Jun 24 ’24. In the deal valued at $377.63 per share,13,370 shares were sold. As a result of this transaction, Reed Cory J now holds 41,642 shares worth roughly $19.2 million.
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Oppenheimer reiterated its Deere & Co [DE] rating to an Outperform in a research note published on November 22, 2024; the price target was $477. A number of analysts have revised their coverage, including HSBC Securities’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Hold”. BMO Capital Markets began covering DE with “Market perform” recommendation on August 09, 2024. Truist maintained its rating on July 02, 2024. It rated DE as “a Buy”.
Price Performance Review of DE
On Tuesday, Deere & Co [NYSE:DE] saw its stock fall -0.36% to $461.04. Over the last five days, the stock has gained 15.23%. Deere & Co shares have risen nearly 15.30% since the year began. Nevertheless, the stocks have risen 27.29% over the past one year. While a 52-week high of $469.39 was reached on 11/25/24, a 52-week low of $340.20 was recorded on 08/05/24. SMA at 50 days reached $409.62, while 200 days put it at $387.80.
Levels Of Support And Resistance For DE Stock
The 24-hour chart illustrates a support level at 455.84, which if violated will result in even more drops to 450.64. On the upside, there is a resistance level at 464.79. A further resistance level may holdings at 468.55. The Relative Strength Index (RSI) on the 14-day chart is 74.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 42.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.14%. Stochastics %K at 93.44% indicates the stock is a selling.
How much short interest is there in Deere & Co?
A steep rise in short interest was recorded in Deere & Co stocks on 2024-10-31, dropping by -0.14 million shares to a total of 5.37 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.52 million shares. There was a decline of -2.67%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 28, 2024 when Raymond James began covering the stock and recommended ‘”an Outperform”‘ rating along with a $420 price target.
