PNC Financial Services Group Inc’s recent filing unveils that its Officer DEMCHAK WILLIAM S acquired Company’s shares for reported $0.25 million on Jan 31 ’25. In the deal valued at $202.11 per share,1,242 shares were bought.
Then, DEMCHAK WILLIAM S sold 1,242 shares, generating $243,643 in total proceeds. Upon selling the shares at $196.17, the CEO now owns 523,829 shares.
Before that, DEMCHAK WILLIAM S bought 1,242 shares. PNC Financial Services Group Inc shares valued at $243,643 were divested by the Officer at a price of $196.17 per share.
BofA Securities upgraded its PNC Financial Services Group Inc [PNC] rating to a Buy from a a Neutral in a research note published on August 15, 2024; the price target was increased to $200 from $185. A number of analysts have revised their coverage, including UBS’s analysts, who increased its forecast for the stock in early July from “a Neutral” to “a Buy”. HSBC Securities also remained covering PNC and has increased its forecast on March 28, 2024 with a “Hold” recommendation from previously “Reduce” rating. Odeon revised its rating on December 14, 2023. It rated PNC as “a Buy” which previously was an “a Hold”.
Price Performance Review of PNC
On Friday, PNC Financial Services Group Inc [NYSE:PNC] saw its stock fall -0.55% to $200.95. Over the last five days, the stock has gained 0.71%. PNC Financial Services Group Inc shares have risen nearly 4.20% since the year began. Nevertheless, the stocks have risen 30.28% over the past one year. While a 52-week high of $216.26 was reached on 01/29/25, a 52-week low of $139.69 was recorded on 01/16/25. SMA at 50 days reached $200.61, while 200 days put it at $178.98.
Levels Of Support And Resistance For PNC Stock
The 24-hour chart illustrates a support level at 199.22, which if violated will result in even more drops to 197.49. On the upside, there is a resistance level at 202.87. A further resistance level may holdings at 204.79. The Relative Strength Index (RSI) on the 14-day chart is 55.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.48%. Stochastics %K at 83.08% indicates the stock is a selling.
How much short interest is there in PNC Financial Services Group Inc?
A steep rise in short interest was recorded in PNC Financial Services Group Inc stocks on 2024-12-31, dropping by -0.55 million shares to a total of 4.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 5.15 million shares. There was a decline of -12.03%, which implies that there is a negative sentiment for the stock.
