Deere & Co’s filing revealed that its President, JD Financial & CIO Kalathur Rajesh unloaded Company’s shares for reported $12.3 million on Feb 18 ’25. In the deal valued at $500.61 per share,24,580 shares were sold. As a result of this transaction, Kalathur Rajesh now holds 74,878 shares worth roughly $36.51 million.
Then, Kalathur Rajesh bought 24,580 shares, generating $12,304,906 in total proceeds.
Before that, Reed Cory J sold 13,370 shares. Deere & Co shares valued at $5,048,913 were divested by the Pres Ag & Turf, Prod & Prec Ag at a price of $377.63 per share. As a result of the transaction, Reed Cory J now holds 41,642 shares, worth roughly $20.3 million.
Jefferies downgraded its Deere & Co [DE] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in late November has reiterated a ‘”an Outperform”‘ rating for it. HSBC Securities also remained covering DE and has decreased its forecast on August 19, 2024 with a “Hold” recommendation from previously “Buy” rating. BMO Capital Markets started covering the stock on August 09, 2024. It rated DE as “a Market perform”.
Price Performance Review of DE
On Tuesday, Deere & Co [NYSE:DE] saw its stock jump 0.63% to $487.59. Over the last five days, the stock has lost -2.79%. Deere & Co shares have risen nearly 15.08% since the year began. Nevertheless, the stocks have risen 36.66% over the past one year. While a 52-week high of $515.05 was reached on 02/19/25, a 52-week low of $340.20 was recorded on 01/10/25. SMA at 50 days reached $453.95, while 200 days put it at $407.29.
Levels Of Support And Resistance For DE Stock
The 24-hour chart illustrates a support level at 483.38, which if violated will result in even more drops to 479.16. On the upside, there is a resistance level at 491.28. A further resistance level may holdings at 494.96. The Relative Strength Index (RSI) on the 14-day chart is 57.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.35, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.02%. Stochastics %K at 56.64% indicates the stock is a holding.
The most recent change occurred on July 02, 2024 when Truist resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $439.
