Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Patterson Companies Inc shares valued at $45,278 were sold by Zurbay Donald on Dec 09 ’24. At $23.08 per share, Zurbay Donald sold 1,962 shares. The insider’s holdings dropped to 222,736 shares worth approximately $6.88 million following the completion of this transaction.
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Also, Zurbay Donald sold 7,216 shares, netting a total of over 180,328 in proceeds. Following the sale of shares at $24.99 each, the insider now holds 230,072 shares.
Before that, Zurbay Donald had sold 5,875 shares from its account. In a trade valued at $139,322, the President & CEO traded Patterson Companies Inc shares for $23.71 each. Upon closing the transaction, the insider’s holdings decreased to 5,875 shares, worth approximately $7.33 million.
As published in their initiating research note from Mizuho on December 04, 2024, Patterson Companies Inc [PDCO] has been a Neutral and the price target has been revised to $23. Analysts at Piper Sandler downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in late February. As of February 26, 2024, Leerink Partners has initiated its “an Outperform” rating for PDCO.
Analyzing PDCO Stock Performance
During the last five days, there has been a surge of approximately 0.06%. Over the course of the year, Patterson Companies Inc shares have jumped approximately 8.58%. Shares of the company reached a 52-week high of $31.79 on 12/12/24 and a 52-week low of $19.45 on 11/15/24. A 50-day SMA is recorded $23.38, while a 200-day SMA reached $24.05. Nevertheless, trading volume fell to 0.67 million shares from 0.6 million shares the previous day.
Support And Resistance Levels for Patterson Companies Inc (PDCO)
According to the 24-hour chart, there is a support level at 30.86, which, if violated, would cause prices to drop to 30.83. In the upper region, resistance lies at 30.93. The next price resistance is at 30.97. RSI (Relative Strength Index) is 83.59 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.62, which suggests the price will increase in the coming days. Percent R is at 9.76%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
