Deere & Co’s filing revealed 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 $18.34 million.
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Jefferies downgraded its Deere & Co [DE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late November has reiterated a ‘”an Outperform”‘ rating for it. HSBC Securities also remained covering DE and has decreased its forecast on August 19, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets started covering the stock on August 09, 2024. It rated DE as “a Market perform”.
Price Performance Review of DE
On Friday, Deere & Co [NYSE:DE] saw its stock jump 0.22% to $440.44. Over the last five days, the stock has lost -0.80%. Deere & Co shares have risen nearly 10.15% since the year began. Nevertheless, the stocks have risen 16.82% 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 $419.45, while 200 days put it at $393.02.
Levels Of Support And Resistance For DE Stock
The 24-hour chart illustrates a support level at 437.60, which if violated will result in even more drops to 434.76. On the upside, there is a resistance level at 442.70. A further resistance level may holdings at 444.96. The Relative Strength Index (RSI) on the 14-day chart is 53.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.74, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.43%. Stochastics %K at 31.19% indicates the stock is a holding.
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 July 02, 2024 when Truist resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $439.
