PPG Industries Inc. (NYSE: PPG) has a price-to-earnings ratio that is above its average at 24.82x. and a 36-month beta value of 1.17.
The public float for PPG is 234.40M, and at present, short sellers hold a 0.83% of that float. On May 25, 2023, the average trading volume of PPG was 1.41M shares.
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PPG) stock’s latest price update
The stock price of PPG Industries Inc. (NYSE: PPG) has plunged by -2.54 when compared to previous closing price of 136.88, but the company has seen a -6.32% decline in its stock price over the last five trading sessions. The Wall Street Journal reported on 01/20/23 that PPG Profit Hit by Covid-19 Disruptions in China
PPG’s Market Performance
PPG’s stock has fallen by -6.32% in the past week, with a monthly drop of -5.00% and a quarterly rise of 4.09%. The volatility ratio for the week is 1.90% while the volatility levels for the last 30 days are 1.88% for PPG Industries Inc. The simple moving average for the last 20 days is -4.06% for PPG stock, with a simple moving average of 4.27% for the last 200 days.
PPG Trading at -1.78% from the 50-Day Moving Average
After a stumble in the market that brought PPG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.32% of loss for the given period.
Volatility was left at 1.88%, however, over the last 30 days, the volatility rate increased by 1.90%, as shares sank -3.07% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +3.29% upper at present.
During the last 5 trading sessions, PPG fell by -6.32%, which changed the moving average for the period of 200-days by +3.99% in comparison to the 20-day moving average, which settled at $138.84. In addition, PPG Industries Inc. saw 6.10% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at PPG starting from MCGARRY MICHAEL H, who sale 61,867 shares at the price of $129.96 back on Jan 31. After this action, MCGARRY MICHAEL H now owns 183,645 shares of PPG Industries Inc., valued at $8,040,427 using the latest closing price.
Foulkes Anne M., the Sr. VP and General Counsel of PPG Industries Inc., sale 21,757 shares at $128.33 during a trade that took place back on Jan 24, which means that Foulkes Anne M. is holding 10,577 shares at $2,791,985 based on the most recent closing price.
Stock Fundamentals for PPG
Equity return is now at value 19.60, with 6.00 for asset returns.
Conclusion
To sum up, PPG Industries Inc. (PPG) has seen a mixed performance recently. Analysts have differing views on the stock, with some seeing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
