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. PNC Financial Services Group Inc shares valued at $235,098 were purchased by DEMCHAK WILLIAM S on Dec 20 ’24. At $189.29 per share, DEMCHAK WILLIAM S acquired 1,242 shares.
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Also, DEMCHAK WILLIAM S sold 1,242 shares, netting a total of over 252,201 in proceeds. Following the sale of shares at $203.06 each, the insider now holds 531,281 shares.
Before that, DEMCHAK WILLIAM S had added 1,242 shares to its account. In a trade valued at $252,201, the Officer bought PNC Financial Services Group Inc shares for $203.06 each.
As published in a research note from BofA Securities on August 15, 2024, PNC Financial Services Group Inc [PNC] has been rated up from a Neutral to a Buy and the price target has been revised to $200 from $185. Analysts at UBS upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early July. As of March 28, 2024, HSBC Securities has increased its “Reduce” rating to a “Hold” for PNC. Earlier on December 14, 2023, Odeon upgraded its rating. Their new recommendation was “a Buy” for PNC stock which previously was a “a Hold”.
Analyzing PNC Stock Performance
During the last five days, there has been a drop of approximately -2.13%. Over the course of the year, PNC Financial Services Group Inc shares have jumped approximately 25.33%. Shares of the company reached a 52-week high of $216.26 on 11/29/24 and a 52-week low of $139.69 on 02/21/24. A 50-day SMA is recorded $199.64, while a 200-day SMA reached $173.98. Nevertheless, trading volume fell to 0.72 million shares from 1.46 million shares the previous day.
Support And Resistance Levels for PNC Financial Services Group Inc (PNC)
According to the 24-hour chart, there is a support level at 192.60, which, if violated, would cause prices to drop to 191.12. In the upper region, resistance lies at 194.90. The next price resistance is at 195.73. RSI (Relative Strength Index) is 37.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.28, which suggests the price will decrease in the coming days. Percent R is at 76.72%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
