Parker-Hannifin Corp’s recent filing unveils that its Director SCAMINACE JOSEPH unloaded Company’s shares for reported $0.46 million on Nov 15 ’24. In the deal valued at $697.91 per share,663 shares were sold. As a result of this transaction, SCAMINACE JOSEPH now holds 3,237 shares worth roughly $2.28 million.
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Then, SCAMINACE JOSEPH sold 458 shares, generating $321,269 in total proceeds. Upon selling the shares at $701.46, the Director now owns 299 shares.
Before that, Joseph Scaminace Revocable Tru bought 663 shares. Parker-Hannifin Corp shares valued at $462,713 were divested by the Director at a price of $697.91 per share.
Stifel downgraded its Parker-Hannifin Corp [PH] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Raymond James began covering PH with “an Outperform” recommendation on June 28, 2024. Mizuho revised its rating on May 28, 2024. It rated PH as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PH
On Monday, Parker-Hannifin Corp [NYSE:PH] saw its stock fall -0.35% to $704.42. Over the last five days, the stock has gained 1.84%. Parker-Hannifin Corp shares have risen nearly 52.90% since the year began. Nevertheless, the stocks have risen 62.43% over the past one year. While a 52-week high of $711.60 was reached on 11/25/24, a 52-week low of $426.49 was recorded on 01/03/24. SMA at 50 days reached $649.42, while 200 days put it at $570.29.
Levels Of Support And Resistance For PH Stock
The 24-hour chart illustrates a support level at 697.65, which if violated will result in even more drops to 690.87. On the upside, there is a resistance level at 711.81. A further resistance level may holdings at 719.19. The Relative Strength Index (RSI) on the 14-day chart is 66.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.00%. Stochastics %K at 85.24% indicates the stock is a selling.
How much short interest is there in Parker-Hannifin Corp?
A steep rise in short interest was recorded in Parker-Hannifin Corp stocks on 2024-10-31, dropping by 58767.0 shares to a total of 1.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.09 million shares. There was a decline of -5.7%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $602 price target.
