Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Graco Inc shares valued at $1,365,954 were sold by O’Shea Peter J on Dec 03 ’24. At $91.06 per share, O’Shea Peter J sold 15,000 shares. The insider’s holdings dropped to 14,516 shares worth approximately $1.23 million following the completion of this transaction.
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Also, Chambers Caroline M sold 8,280 shares, netting a total of over 749,920 in proceeds. Following the sale of shares at $90.57 each, the insider now holds 57,612 shares.
Before that, O’Shea Peter J had added 15,000 shares to its account. In a trade valued at $1,365,000, the Officer bought Graco Inc shares for $91.00 each.
As published in a research note from Exane BNP Paribas on December 19, 2024, Graco Inc [GGG] has been rated up from a Neutral to an Outperform and the price target has been revised to $105. Analysts at Exane BNP Paribas started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. Earlier on February 02, 2023, Seaport Research Partners upgraded its rating. Their new recommendation was “a Buy” for GGG stock which previously was a “a Neutral”.
Analyzing GGG Stock Performance
During the last five days, there has been a drop of approximately -4.40%. Over the course of the year, Graco Inc shares have dropped approximately -2.32%. Shares of the company reached a 52-week high of $94.77 on 03/21/24 and a 52-week low of $77.49 on 07/01/24. A 50-day SMA is recorded $87.10, while a 200-day SMA reached $84.84. Nevertheless, trading volume fell to 0.8 million shares from 0.55 million shares the previous day.
Support And Resistance Levels for Graco Inc (GGG)
According to the 24-hour chart, there is a support level at 84.03, which, if violated, would cause prices to drop to 83.32. In the upper region, resistance lies at 85.38. The next price resistance is at 86.02. RSI (Relative Strength Index) is 37.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.73, which suggests the price will decrease in the coming days. Percent R is at 83.33%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
