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 $18.42 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 $0.76 million.
BofA Securities upgraded its Paccar Inc [PCAR] rating to a Buy from a a Neutral in a research note published on January 14, 2025; the price target was increased to $121.50 from $116. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Evercore ISI also remained covering PCAR and has increased its forecast on November 13, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Raymond James started covering the stock on June 28, 2024. It rated PCAR as “a Mkt perform”.
Price Performance Review of PCAR
On Tuesday, Paccar Inc [NASDAQ:PCAR] saw its stock fall -2.42% to $107.25. Over the last five days, the stock has lost -2.60%. Paccar Inc shares have risen nearly 3.11% since the year began. Nevertheless, the stocks have risen 8.15% over the past one year. While a 52-week high of $122.00 was reached on 01/15/25, a 52-week low of $87.53 was recorded on 01/03/25. SMA at 50 days reached $110.89, while 200 days put it at $105.42.
Levels Of Support And Resistance For PCAR Stock
The 24-hour chart illustrates a support level at 104.04, which if violated will result in even more drops to 100.84. On the upside, there is a resistance level at 110.72. A further resistance level may holdings at 114.19. The Relative Strength Index (RSI) on the 14-day chart is 45.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.42%. Stochastics %K at 62.24% indicates the stock is a holding.
How much short interest is there in Paccar Inc?
A steep rise in short interest was recorded in Paccar Inc stocks on 2024-12-31, dropping by -2.63 million shares to a total of 8.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 11.09 million shares. There was a decline of -31.14%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 26, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $115 price target.
