Pentair plc’s filing revealed that its Director GLENN T MICHAEL unloaded Company’s shares for reported $0.44 million on Dec 02 ’24. In the deal valued at $109.14 per share,4,008 shares were sold. As a result of this transaction, GLENN T MICHAEL now holds 29,895 shares worth roughly $2.9 million.
Then, GLENN T MICHAEL bought 4,008 shares, generating $437,433 in total proceeds.
Before that, Rolchigo Philip M. sold 3,588 shares. Pentair plc shares valued at $357,616 were divested by the EVP & Chief Technology Officer at a price of $99.67 per share. As a result of the transaction, Rolchigo Philip M. now holds 19,232 shares, worth roughly $1.86 million.
KeyBanc Capital Markets downgraded its Pentair plc [PNR] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in late November with a ‘”an Outperform”‘ rating. Northcoast also remained covering PNR and has decreased its forecast on July 19, 2024 with a “Neutral” recommendation from previously “Buy” rating. Northcoast revised its rating on April 15, 2024. It rated PNR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of PNR
On Friday, Pentair plc [NYSE:PNR] saw its stock fall -2.51% to $96.97. Over the last five days, the stock has lost -3.42%. Pentair plc shares have fallen nearly -3.65% since the year began. Nevertheless, the stocks have risen 39.73% over the past one year. While a 52-week high of $110.71 was reached on 01/02/25, a 52-week low of $68.69 was recorded on 01/10/25. SMA at 50 days reached $104.08, while 200 days put it at $89.81.
Levels Of Support And Resistance For PNR Stock
The 24-hour chart illustrates a support level at 96.30, which if violated will result in even more drops to 95.63. On the upside, there is a resistance level at 98.08. A further resistance level may holdings at 99.19. The Relative Strength Index (RSI) on the 14-day chart is 29.06, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 96.27%. Stochastics %K at 15.36% indicates the stock is a buying.
How much short interest is there in Pentair plc?
A steep rise in short interest was recorded in Pentair plc stocks on 2024-12-13, dropping by -0.17 million shares to a total of 2.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 2.42 million shares. There was a decline of -7.43%, which implies that there is a negative sentiment for the stock.
