Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Colgate-Palmolive Co shares valued at $101,121 were sold by Malcolm Gregory on Nov 26 ’24. At $95.94 per share, Malcolm Gregory sold 1,054 shares. The insider’s holdings dropped to 9,620 shares worth approximately $0.89 million following the completion of this transaction.
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Also, Wallace Noel R. sold 33,333 shares, netting a total of over 3,166,635 in proceeds. Following the sale of shares at $95.00 each, the insider now holds 270,689 shares.
Before that, Wallace Noel R. had added 33,333 shares to its account. In a trade valued at $3,166,635, the Officer bought Colgate-Palmolive Co shares for $95.00 each.
As published in a research note from Stifel on October 28, 2024, Colgate-Palmolive Co [CL] has been rated down from a Buy to a Hold and the price target has been revised to $101 from $105. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late September. As of September 16, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for CL. Earlier on September 09, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for CL stock which previously was a “a Buy”.
Analyzing CL Stock Performance
During the last five days, there has been a drop of approximately -0.68%. Over the course of the year, Colgate-Palmolive Co shares have jumped approximately 16.57%. Shares of the company reached a 52-week high of $109.30 on 09/05/24 and a 52-week low of $79.39 on 01/02/24. A 50-day SMA is recorded $95.23, while a 200-day SMA reached $96.10. Nevertheless, trading volume fell to 6.6 million shares from 4.8 million shares the previous day.
Support And Resistance Levels for Colgate-Palmolive Co (CL)
According to the 24-hour chart, there is a support level at 92.15, which, if violated, would cause prices to drop to 91.37. In the upper region, resistance lies at 93.66. The next price resistance is at 94.39. RSI (Relative Strength Index) is 43.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.84, which suggests the price will decrease in the coming days. Percent R is at 85.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
