Paccar Inc’s recently made public that its CHIEF EXECUTIVE OFFICER FEIGHT R PRESTON unloaded Company’s shares for reported $2.81 million on Nov 01 ’24. In the deal valued at $103.52 per share,27,191 shares were sold. As a result of this transaction, FEIGHT R PRESTON now holds 171,776 shares worth roughly $18.02 million.
Then, FEIGHT R PRESTON bought 27,191 shares, generating $2,814,732 in total proceeds.
Before that, BANEY KEVIN D sold 9,894 shares. Paccar Inc shares valued at $1,058,671 were divested by the Senior Vice President at a price of $107.00 per share. As a result of the transaction, BANEY KEVIN D now holds 7,121 shares, worth roughly $0.75 million.
Jefferies downgraded its Paccar Inc [PCAR] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid November from “an In-line” to “an Outperform”. Raymond James began covering PCAR with “Mkt perform” recommendation on June 28, 2024. Citigroup started covering the stock on June 26, 2024. It rated PCAR as “a Neutral”.
Price Performance Review of PCAR
On Friday, Paccar Inc [NASDAQ:PCAR] saw its stock jump 1.43% to $104.90. Over the last five days, the stock has lost -0.50%. Paccar Inc shares have risen nearly 0.85% since the year began. Nevertheless, the stocks have risen 13.67% over the past one year. While a 52-week high of $122.00 was reached on 01/02/25, a 52-week low of $87.53 was recorded on 01/03/25. SMA at 50 days reached $110.76, while 200 days put it at $106.40.
Levels Of Support And Resistance For PCAR Stock
The 24-hour chart illustrates a support level at 103.39, which if violated will result in even more drops to 101.87. On the upside, there is a resistance level at 105.78. A further resistance level may holdings at 106.66. The Relative Strength Index (RSI) on the 14-day chart is 41.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.90%. Stochastics %K at 11.89% indicates the stock is a buying.
How much short interest is there in Paccar Inc?
A steep rise in short interest was recorded in Paccar Inc stocks on 2024-12-13, dropping by -1.25 million shares to a total of 11.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 12.45 million shares. There was a decline of -11.19%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 26, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $123 price target.
