The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Procter & Gamble Co shares valued at $14,819,030 were sold by Pritchard Marc S. on Jan 23 ’25. At $163.84 per share, Pritchard Marc S. sold 90,450 shares. The insider’s holdings dropped to 172,814 shares worth approximately $28.73 million following the completion of this transaction.
Also, Pritchard Marc S. purchased 90,450 shares, netting a total of over 14,533,054 in proceeds.
Before that, Coombe Gary A had sold 47,847 shares from its account. In a trade valued at $8,604,685, the CEO – Grooming traded Procter & Gamble Co shares for $179.84 each. Upon closing the transaction, the insider’s holdings decreased to 47,847 shares, worth approximately $6.65 million.
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 surge of approximately 0.90%. Over the course of the year, Procter & Gamble Co shares have dropped approximately -0.85%. Shares of the company reached a 52-week high of $169.94 on 01/27/25 and a 52-week low of $157.47 on 01/10/25. A 50-day SMA is recorded $168.81, while a 200-day SMA reached $167.91. Nevertheless, trading volume fell to 4.76 million shares from 6.72 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 165.64, which, if violated, would cause prices to drop to 165.06. In the upper region, resistance lies at 167.05. The next price resistance is at 167.88. RSI (Relative Strength Index) is 52.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.55, which suggests the price will increase in the coming days. Percent R is at 29.75%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
