Colgate-Palmolive Co’s recently made public that its EVP and Controller Malcolm Gregory unloaded Company’s shares for reported $0.1 million on Nov 26 ’24. In the deal valued at $95.94 per share,1,054 shares were sold. As a result of this transaction, Malcolm Gregory now holds 9,620 shares worth roughly $0.89 million.
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Then, Wallace Noel R. sold 33,333 shares, generating $3,166,635 in total proceeds. Upon selling the shares at $95.00, the Chairman, President & CEO now owns 270,689 shares.
Before that, Wallace Noel R. bought 33,333 shares. Colgate-Palmolive Co shares valued at $3,166,635 were divested by the Officer at a price of $95.00 per share.
Stifel downgraded its Colgate-Palmolive Co [CL] rating to a Hold from a a Buy in a research note published on October 28, 2024; the price target was decreased to $101 from $105. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in late September with a ‘”an Overweight”‘ rating. Wells Fargo also remained covering CL and has decreased its forecast on September 16, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. Deutsche Bank revised its rating on September 09, 2024. It rated CL as “a Hold” which previously was an “a Buy”.
Price Performance Review of CL
On Monday, Colgate-Palmolive Co [NYSE:CL] saw its stock fall -0.56% to $92.92. Over the last five days, the stock has lost -0.02%. Colgate-Palmolive Co shares have risen nearly 16.57% since the year began. Nevertheless, the stocks have risen 21.83% over the past one year. While a 52-week high of $109.30 was reached on 09/05/24, a 52-week low of $75.50 was recorded on 01/02/24. SMA at 50 days reached $95.65, while 200 days put it at $96.01.
Levels Of Support And Resistance For CL Stock
The 24-hour chart illustrates a support level at 92.39, which if violated will result in even more drops to 91.86. On the upside, there is a resistance level at 93.86. A further resistance level may holdings at 94.80. The Relative Strength Index (RSI) on the 14-day chart is 42.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.36, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.05%. Stochastics %K at 17.79% indicates the stock is a buying.
How much short interest is there in Colgate-Palmolive Co?
A steep rise in short interest was recorded in Colgate-Palmolive Co stocks on 2024-11-29, dropping by -1.51 million shares to a total of 8.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 10.42 million shares. There was a decline of -16.92%, which implies that there is a negative sentiment for the stock.
