Deere & Co’s recent filing unveils 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 $35.6 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 $19.8 million.
Robert W. Baird downgraded its Deere & Co [DE] rating to a Neutral from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early December from “a Buy” to “a Hold”. Oppenheimer also remained covering DE and reiterated its “an Outperform” recommendation on November 22, 2024. HSBC Securities revised its rating on August 19, 2024. It rated DE as “a Hold” which previously was an “a Buy”.
Price Performance Review of DE
On Tuesday, Deere & Co [NYSE:DE] saw its stock fall -2.72% to $475.50. Over the last five days, the stock has gained 3.73%. Deere & Co shares have risen nearly 12.23% since the year began. Nevertheless, the stocks have risen 26.69% 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 $462.31, while 200 days put it at $411.05.
Levels Of Support And Resistance For DE Stock
The 24-hour chart illustrates a support level at 469.29, which if violated will result in even more drops to 463.09. On the upside, there is a resistance level at 485.12. A further resistance level may holdings at 494.75. The Relative Strength Index (RSI) on the 14-day chart is 49.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 54.80%. Stochastics %K at 61.11% indicates the stock is a holding.
The most recent change occurred on August 09, 2024 when BMO Capital Markets began covering the stock and recommended ‘”a Market perform”‘ rating along with a $400 price target.
