Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Colgate-Palmolive Co shares valued at $736,152 were sold by Massey Sally on Feb 25 ’25. At $92.02 per share, Massey Sally sold 8,000 shares. The insider’s holdings dropped to 14,805 shares worth approximately $1.36 million following the completion of this transaction.
Also, Malcolm Gregory sold 1,054 shares, netting a total of over 101,121 in proceeds. Following the sale of shares at $95.94 each, the insider now holds 9,620 shares.
Before that, Wallace Noel R. had sold 33,333 shares from its account. In a trade valued at $3,166,635, the Chairman, President & CEO traded Colgate-Palmolive Co shares for $95.00 each. Upon closing the transaction, the insider’s holdings decreased to 33,333 shares, worth approximately $24.84 million.
As published in a research note from Stifel on October 28, 2024, Colgate-Palmolive Co [CL] has been rated down from a Buy to a Hold and the price target has been revised to $101 from $105. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late September. As of September 16, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for CL. Earlier on September 09, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for CL stock which previously was a “a Buy”.
Analyzing CL Stock Performance
During the last five days, there has been a surge of approximately 1.75%. Over the course of the year, Colgate-Palmolive Co shares have jumped approximately 0.92%. Shares of the company reached a 52-week high of $95.22 on 03/04/25 and a 52-week low of $85.32 on 02/18/25. A 50-day SMA is recorded $89.03, while a 200-day SMA reached $95.95.
Support And Resistance Levels for Colgate-Palmolive Co (CL)
According to the 24-hour chart, there is a support level at 90.65, which, if violated, would cause prices to drop to 89.56. In the upper region, resistance lies at 92.53. The next price resistance is at 93.31. RSI (Relative Strength Index) is 58.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.27, which suggests the price will increase in the coming days. Percent R is at 35.05%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
