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. PPG Industries, Inc shares valued at $249,713 were sold by Foulkes Anne M. on Oct 31 ’24. At $125.80 per share, Foulkes Anne M. sold 1,985 shares. The insider’s holdings dropped to 13,454 shares worth approximately $1.63 million following the completion of this transaction.
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Also, Foulkes Anne M. purchased 1,985 shares, netting a total of over 249,713 in proceeds.
Before that, KNAVISH TIMOTHY M had added 2,061 shares to its account. In a trade valued at $274,615, the Chairman and CEO bought PPG Industries, Inc shares for $133.24 each. Upon closing the transaction, the insider’s holdings increased to 2,061 shares, worth approximately $4.34 million.
As published in a research note from Seaport Research Partners on April 22, 2024, PPG Industries, Inc [PPG] has been rated up from a Neutral to a Buy. Analysts at Evercore ISI downgraded the stock from ‘”an Outperform”‘ to ‘”an In-line”‘ outlook in a report released in late April. As of April 11, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for PPG. Earlier on March 07, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for PPG stock which previously was a “a Buy”.
Analyzing PPG Stock Performance
During the last five days, there has been a drop of approximately -1.09%. Over the course of the year, PPG Industries, Inc shares have dropped approximately -18.92%. Shares of the company reached a 52-week high of $148.68 on 01/02/24 and a 52-week low of $118.07 on 08/07/24. A 50-day SMA is recorded $125.38, while a 200-day SMA reached $129.37. Nevertheless, trading volume fell to 3.56 million shares from 2.08 million shares the previous day.
Support And Resistance Levels for PPG Industries, Inc (PPG)
According to the 24-hour chart, there is a support level at 120.04, which, if violated, would cause prices to drop to 118.84. In the upper region, resistance lies at 123.63. The next price resistance is at 126.02. RSI (Relative Strength Index) is 39.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.55, which suggests the price will decrease in the coming days. Percent R is at 99.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
