Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Procter & Gamble Co shares valued at $8,604,685 were sold by Coombe Gary A on Nov 27 ’24. At $179.84 per share, Coombe Gary A sold 47,847 shares. The insider’s holdings dropped to 39,977 shares worth approximately $6.42 million following the completion of this transaction.
Also, Purushothaman Balaji sold 12,800 shares, netting a total of over 2,210,972 in proceeds. Following the sale of shares at $172.73 each, the insider now holds 11,595 shares.
Before that, Coombe Gary A had added 47,847 shares to its account. In a trade valued at $8,147,866, the Officer bought Procter & Gamble Co shares for $170.29 each.
As published in a research note from DA Davidson on November 25, 2024, Procter & Gamble Co [PG] has been rated up from a Neutral to a Buy and the price target has been revised to $209 from $160. Analysts at DA Davidson started covering the stock with ‘”a Neutral”‘ outlook in a report released in early October. As of September 30, 2024, Barclays has decreased its “an Overweight” rating to a “an Equal weight” for PG. Earlier on September 24, 2024, Piper Sandler initiated its rating. Their recommendation was “a Neutral” for PG stock.
Analyzing PG Stock Performance
During the last five days, there has been a drop of approximately -0.99%. Over the course of the year, Procter & Gamble Co shares have dropped approximately -4.26%. Shares of the company reached a 52-week high of $168.71 on 01/02/25 and a 52-week low of $157.47 on 01/10/25. A 50-day SMA is recorded $168.84, while a 200-day SMA reached $167.58. Nevertheless, trading volume fell to 5.75 million shares from 8.06 million shares the previous day.
Support And Resistance Levels for Procter & Gamble Co (PG)
According to the 24-hour chart, there is a support level at 159.56, which, if violated, would cause prices to drop to 158.63. In the upper region, resistance lies at 161.01. The next price resistance is at 161.52. RSI (Relative Strength Index) is 34.17 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.38, which suggests the price will decrease in the coming days. Percent R is at 77.20%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
