Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Procter & Gamble Co shares valued at $2,210,972 were sold by Purushothaman Balaji on Nov 21 ’24. At $172.73 per share, Purushothaman Balaji sold 12,800 shares. The insider’s holdings dropped to 11,595 shares worth approximately $2.08 million following the completion of this transaction.
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Also, Coombe Gary A purchased 47,847 shares, netting a total of over 8,147,866 in proceeds.
Before that, Purushothaman Balaji had sold 12,800 shares from its account. In a trade valued at $2,163,008, the Chief Human Resources Officer traded Procter & Gamble Co shares for $168.99 each. Upon closing the transaction, the insider’s holdings decreased to 12,800 shares, worth approximately $2.07 million.
As published in a research note from DA Davidson on November 25, 2024, Procter & Gamble Co [PG] has been rated up from a Neutral to a Buy and the price target has been revised to $209 from $160. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of September 30, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for PG. Earlier on September 24, 2024, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for PG stock.
Analyzing PG Stock Performance
During the last five days, there has been a surge of approximately 4.96%. Over the course of the year, Procter & Gamble Co shares have jumped approximately 22.40%. Shares of the company reached a 52-week high of $180.43 on 11/27/24 and a 52-week low of $146.28 on 01/22/24. A 50-day SMA is recorded $170.21, while a 200-day SMA reached $166.30. Nevertheless, trading volume fell to 5.52 million shares from 6.28 million shares the previous day.
Support And Resistance Levels for Procter & Gamble Co (PG)
According to the 24-hour chart, there is a support level at 178.58, which, if violated, would cause prices to drop to 177.80. In the upper region, resistance lies at 180.28. The next price resistance is at 181.21. RSI (Relative Strength Index) is 74.04 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.24, which suggests the price will increase in the coming days. Percent R is at 6.48%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
