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Examining the Potential Price Growth of Perrigo Company plc (PRGO)

In a filing, Perrigo Company plc revealed its EVP, Gbl Ops & SC & CTO Janish Ronald Craig unloaded Company’s shares for reported $0.21 million on Mar 10 ’25. In the deal valued at $27.44 per share,7,800 shares were sold. As a result of this transaction, Janish Ronald Craig now holds 33,666 shares worth roughly $0.93 million.

Then, Janish Ronald Craig bought 7,800 shares, generating $214,032 in total proceeds.

Before that, Andersen Svend bought 27,000 shares. Perrigo Company plc shares valued at $797,369 were divested by the Officer at a price of $29.53 per share.

Argus downgraded its Perrigo Company plc [PRGO] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early January from “an Overweight” to “a Neutral”. Piper Sandler started covering the stock on November 17, 2023. It rated PRGO as “an Overweight”.

Price Performance Review of PRGO

On Monday, Perrigo Company plc [NYSE:PRGO] saw its stock fall -0.72% to $27.74. Over the last five days, the stock has lost -1.87%. Perrigo Company plc shares have risen nearly 7.90% since the year began. Nevertheless, the stocks have fallen -11.37% over the past one year. While a 52-week high of $33.46 was reached on 03/03/25, a 52-week low of $23.14 was recorded on 01/14/25. SMA at 50 days reached $25.81, while 200 days put it at $26.55.

Levels Of Support And Resistance For PRGO Stock

The 24-hour chart illustrates a support level at 27.56, which if violated will result in even more drops to 27.38. On the upside, there is a resistance level at 27.99. A further resistance level may holdings at 28.23. The Relative Strength Index (RSI) on the 14-day chart is 54.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.20%. Stochastics %K at 40.69% indicates the stock is a holding.

How much short interest is there in Perrigo Company plc?

A steep rise in short interest was recorded in Perrigo Company plc stocks on 2025-02-28, dropping by -0.72 million shares to a total of 4.57 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 5.29 million shares. There was a decline of -15.74%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on March 07, 2023 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $49 price target.

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