Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Paccar Inc shares valued at $2,814,733 were sold by FEIGHT R PRESTON on Nov 01 ’24. At $103.52 per share, FEIGHT R PRESTON sold 27,191 shares. The insider’s holdings dropped to 171,776 shares worth approximately $17.87 million following the completion of this transaction.
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Also, FEIGHT R PRESTON purchased 27,191 shares, netting a total of over 2,814,732 in proceeds.
Before that, BANEY KEVIN D had sold 9,894 shares from its account. In a trade valued at $1,058,671, the Senior Vice President traded Paccar Inc shares for $107.00 each. Upon closing the transaction, the insider’s holdings decreased to 9,894 shares, worth approximately $0.74 million.
As published in a research note from Jefferies on December 06, 2024, Paccar Inc [PCAR] has been rated down from a Buy to a Hold and the price target has been revised to $120. Analysts at Evercore ISI upgraded the stock from ‘”an In-line”‘ to ‘”an Outperform”‘ outlook in a report released in mid November. As of June 28, 2024, Raymond James has initiated its “Mkt perform” rating for PCAR. Earlier on June 26, 2024, Citigroup initiated its rating. Their recommendation was “a Neutral” for PCAR stock.
Analyzing PCAR Stock Performance
During the last five days, there has been a drop of approximately -0.65%. Over the course of the year, Paccar Inc shares have jumped approximately 9.58%. Shares of the company reached a 52-week high of $125.50 on 03/28/24 and a 52-week low of $90.04 on 08/05/24. A 50-day SMA is recorded $110.88, while a 200-day SMA reached $106.56. Nevertheless, trading volume fell to 1.3 million shares from 1.63 million shares the previous day.
Support And Resistance Levels for Paccar Inc (PCAR)
According to the 24-hour chart, there is a support level at 103.45, which, if violated, would cause prices to drop to 102.89. In the upper region, resistance lies at 104.53. The next price resistance is at 105.05. RSI (Relative Strength Index) is 36.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.06, which suggests the price will decrease in the coming days. Percent R is at 90.30%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
