In a filing, Graco Inc revealed its President, WW LED, Pres SCA O’Shea Peter J unloaded Company’s shares for reported $1.37 million on Dec 03 ’24. In the deal valued at $91.06 per share,15,000 shares were sold. As a result of this transaction, O’Shea Peter J now holds 14,516 shares worth roughly $1.21 million.
Then, Chambers Caroline M sold 8,280 shares, generating $749,920 in total proceeds. Upon selling the shares at $90.57, the President, EMEA now owns 57,612 shares.
Before that, O’Shea Peter J bought 15,000 shares. Graco Inc shares valued at $1,365,000 were divested by the Officer at a price of $91.00 per share.
Exane BNP Paribas upgraded its Graco Inc [GGG] rating to an Outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Exane BNP Paribas’s analysts, who began to cover the stock in early October with a ‘”a Neutral”‘ rating. Seaport Research Partners revised its rating on February 02, 2023. It rated GGG as “a Buy” which previously was an “a Neutral”.
Price Performance Review of GGG
On Monday, Graco Inc [NYSE:GGG] saw its stock fall -1.23% to $83.05. Over the last five days, the stock has lost -1.30%. Graco Inc shares have fallen nearly -1.47% since the year began. Nevertheless, the stocks have fallen -0.38% over the past one year. While a 52-week high of $94.77 was reached on 01/06/25, a 52-week low of $77.49 was recorded on 01/06/25. SMA at 50 days reached $86.85, while 200 days put it at $84.40.
Levels Of Support And Resistance For GGG Stock
The 24-hour chart illustrates a support level at 82.21, which if violated will result in even more drops to 81.38. On the upside, there is a resistance level at 84.44. A further resistance level may holdings at 85.84. The Relative Strength Index (RSI) on the 14-day chart is 34.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.00, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.02%. Stochastics %K at 11.85% indicates the stock is a buying.
How much short interest is there in Graco Inc?
A steep rise in short interest was recorded in Graco Inc stocks on 2024-12-13, dropping by -0.14 million shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.06 million shares. There was a decline of -7.44%, which implies that there is a negative sentiment for the stock.
