In a filing, Paccar Inc revealed its VICE PRESIDENT/GENERAL COUNSEL WALTON MICHAEL K unloaded Company’s shares for reported $0.64 million on Feb 19 ’25. In the deal valued at $106.13 per share,6,000 shares were sold. As a result of this transaction, WALTON MICHAEL K now holds 951 shares worth roughly $96212.67.
Then, WALTON MICHAEL K bought 6,000 shares, generating $636,785 in total proceeds.
Before that, SCHIPPERS HARRIE sold 28,676 shares. Paccar Inc shares valued at $3,038,787 were divested by the PRESIDENT & CFO at a price of $105.97 per share. As a result of the transaction, SCHIPPERS HARRIE now holds 114,659 shares, worth roughly $11.6 million.
BofA Securities upgraded its Paccar Inc [PCAR] rating to a Buy from a a Neutral in a research note published on January 14, 2025; the price target was increased to $121.50 from $116. 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”. Evercore ISI also remained covering PCAR and has increased its forecast on November 13, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Raymond James started covering the stock on June 28, 2024. It rated PCAR as “a Mkt perform”.
Price Performance Review of PCAR
On Monday, Paccar Inc [NASDAQ:PCAR] saw its stock jump 1.98% to $101.17. Over the last five days, the stock has lost -8.49%. Paccar Inc shares have fallen nearly -2.74% since the year began. Nevertheless, the stocks have fallen -10.26% over the past one year. While a 52-week high of $122.00 was reached on 03/10/25, a 52-week low of $87.53 was recorded on 03/13/25. SMA at 50 days reached $106.87, while 200 days put it at $104.74.
Levels Of Support And Resistance For PCAR Stock
The 24-hour chart illustrates a support level at 99.21, which if violated will result in even more drops to 97.26. On the upside, there is a resistance level at 102.47. A further resistance level may holdings at 103.77. The Relative Strength Index (RSI) on the 14-day chart is 42.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.80, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.54%. Stochastics %K at 15.03% indicates the stock is a buying.
How much short interest is there in Paccar Inc?
A steep rise in short interest was recorded in Paccar Inc stocks on 2025-02-28, growing by 0.26 million shares to a total of 9.25 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 8.99 million shares. There was a rise of 2.83%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 26, 2024 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $115 price target.
