Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Deere & Co shares valued at $12,304,921 were sold by Kalathur Rajesh on Feb 18 ’25. At $500.61 per share, Kalathur Rajesh sold 24,580 shares. The insider’s holdings dropped to 74,878 shares worth approximately $38.13 million following the completion of this transaction.
Also, Kalathur Rajesh purchased 24,580 shares, netting a total of over 12,304,906 in proceeds.
Before that, Reed Cory J had sold 13,370 shares from its account. In a trade valued at $5,048,913, the Pres Ag & Turf, Prod & Prec Ag traded Deere & Co shares for $377.63 each. Upon closing the transaction, the insider’s holdings decreased to 13,370 shares, worth approximately $21.21 million.
As published in a research note from Jefferies on December 06, 2024, Deere & Co [DE] has been rated down from a Buy to a Hold and the price target has been revised to $510. Analysts at Oppenheimer resumed the stock at ‘”an Outperform”‘ outlook in a report released in late November. As of August 19, 2024, HSBC Securities has decreased its “Buy” rating to a “Hold” for DE. Earlier on August 09, 2024, BMO Capital Markets initiated its rating. Their recommendation was “a Market perform” for DE stock.
Analyzing DE Stock Performance
During the last five days, there has been a surge of approximately 7.37%. Over the course of the year, Deere & Co shares have jumped approximately 20.20%. Shares of the company reached a 52-week high of $515.05 on 02/19/25 and a 52-week low of $403.01 on 01/10/25. A 50-day SMA is recorded $450.50, while a 200-day SMA reached $405.53. Nevertheless, trading volume fell to 2.09 million shares from 2.37 million shares the previous day.
Support And Resistance Levels for Deere & Co (DE)
According to the 24-hour chart, there is a support level at 498.50, which, if violated, would cause prices to drop to 487.72. In the upper region, resistance lies at 517.55. The next price resistance is at 525.82. RSI (Relative Strength Index) is 72.60 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 20.43, which suggests the price will increase in the coming days. Percent R is at 9.06%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
