Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Deere & Co shares valued at $5,048,913 were sold by Reed Cory J on Jun 24 ’24. At $377.63 per share, Reed Cory J sold 13,370 shares. The insider’s holdings dropped to 41,642 shares worth approximately $18.66 million following the completion of this transaction.
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As published in a research note from Oppenheimer on November 22, 2024, Deere & Co [DE] has been retained to an Outperform and the price target has been revised to $477. Analysts at HSBC Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid August. As of August 09, 2024, BMO Capital Markets has initiated its “Market perform” rating for DE. Earlier on July 02, 2024, Truist resumed its rating. Their recommendation was “a Buy” for DE stock.
Analyzing DE Stock Performance
During the last five days, there has been a drop of approximately -3.84%. Over the course of the year, Deere & Co shares have jumped approximately 12.07%. Shares of the company reached a 52-week high of $469.39 on 11/25/24 and a 52-week low of $340.20 on 08/05/24. A 50-day SMA is recorded $415.92, while a 200-day SMA reached $390.57. Nevertheless, trading volume fell to 1.15 million shares from 32960.0 shares the previous day.
Support And Resistance Levels for Deere & Co (DE)
According to the 24-hour chart, there is a support level at 444.58, which, if violated, would cause prices to drop to 441.04. In the upper region, resistance lies at 455.01. The next price resistance is at 461.91. RSI (Relative Strength Index) is 61.00 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.48, which suggests the price will increase in the coming days. Percent R is at 26.79%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
