Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Pentair plc shares valued at $437,433 were sold by GLENN T MICHAEL on Dec 02 ’24. At $109.14 per share, GLENN T MICHAEL sold 4,008 shares. The insider’s holdings dropped to 29,895 shares worth approximately $3.13 million following the completion of this transaction.
Also, GLENN T MICHAEL purchased 4,008 shares, netting a total of over 437,433 in proceeds.
Before that, Rolchigo Philip M. had sold 3,588 shares from its account. In a trade valued at $357,616, the EVP & Chief Technology Officer traded Pentair plc shares for $99.67 each. Upon closing the transaction, the insider’s holdings decreased to 3,588 shares, worth approximately $2.01 million.
As published in a research note from KeyBanc Capital Markets on January 06, 2025, Pentair plc [PNR] has been rated down from an Overweight to a Sector weight. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in late November. As of July 19, 2024, Northcoast has decreased its “Buy” rating to a “Neutral” for PNR. Earlier on April 15, 2024, Northcoast upgraded its rating. Their new recommendation was “a Buy” for PNR stock which previously was a “a Neutral”.
Analyzing PNR Stock Performance
During the last five days, there has been a surge of approximately 4.40%. Over the course of the year, Pentair plc shares have jumped approximately 4.02%. Shares of the company reached a 52-week high of $106.07 on 01/22/25 and a 52-week low of $96.58 on 01/13/25. A 50-day SMA is recorded $104.39, while a 200-day SMA reached $90.46. Nevertheless, trading volume fell to 0.88 million shares from 1.06 million shares the previous day.
Support And Resistance Levels for Pentair plc (PNR)
According to the 24-hour chart, there is a support level at 103.94, which, if violated, would cause prices to drop to 103.18. In the upper region, resistance lies at 105.76. The next price resistance is at 106.82. RSI (Relative Strength Index) is 58.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.43, which suggests the price will increase in the coming days. Percent R is at 14.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
