The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Pentair plc shares valued at $437,433 were sold by GLENN T MICHAEL on Dec 02 ’24. At $109.14 per share, GLENN T MICHAEL sold 4,008 shares. The insider’s holdings dropped to 29,895 shares worth approximately $3.25 million following the completion of this transaction.
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Also, GLENN T MICHAEL purchased 4,008 shares, netting a total of over 437,433 in proceeds.
Before that, Rolchigo Philip M. had sold 3,588 shares from its account. In a trade valued at $357,616, the EVP & Chief Technology Officer traded Pentair plc shares for $99.67 each. Upon closing the transaction, the insider’s holdings decreased to 3,588 shares, worth approximately $2.09 million.
As published in their initiating research note from Wolfe Research on November 26, 2024, Pentair plc [PNR] has been an Outperform and the price target has been revised to $125. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of April 15, 2024, Northcoast has increased its “Neutral” rating to a “Buy” for PNR. Earlier on March 22, 2024, Goldman downgraded its rating. Their new recommendation was “a Neutral” for PNR stock which previously was a “a Buy”.
Analyzing PNR Stock Performance
During the last five days, there has been a drop of approximately -0.32%. Over the course of the year, Pentair plc shares have jumped approximately 49.58%. Shares of the company reached a 52-week high of $110.71 on 11/27/24 and a 52-week low of $68.08 on 01/04/24. A 50-day SMA is recorded $101.35, while a 200-day SMA reached $86.98. Nevertheless, trading volume fell to 1.0 million shares from 10703.0 shares the previous day.
Support And Resistance Levels for Pentair plc (PNR)
According to the 24-hour chart, there is a support level at 107.95, which, if violated, would cause prices to drop to 107.14. In the upper region, resistance lies at 109.50. The next price resistance is at 110.24. RSI (Relative Strength Index) is 72.19 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.62, which suggests the price will increase in the coming days. Percent R is at 27.31%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
