Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Spirit AeroSystems Holdings Inc. shares valued at $14,775 were sold by JOHNSON ROBERT D on Sep 01. At $29.55 per share, JOHNSON ROBERT D sold 500 shares. The insider’s holdings dropped to 18,141 shares worth approximately $0.46 million following the completion of this transaction.
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Also, JOHNSON ROBERT D sold 500 shares, netting a total of over 15,955 in proceeds. Following the sale of shares at $31.91 each, the insider now holds 18,641 shares.
Before that, JOHNSON ROBERT D had sold 500 shares from its account. In a trade valued at $19,475, the Director traded Spirit AeroSystems Holdings Inc. shares for $38.95 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.42 million.
As published in a research note from Morgan Stanley on September 08, 2022, Spirit AeroSystems Holdings Inc. [SPR] has been rated down from an Overweight to an Underweight and the price target has been revised to $35 from $51. This represents a 28.23% premium over Wednesday’s closing price. As of January 07, 2022, Truist has increased its “Hold” rating to a “Buy” for SPR. Earlier on October 22, 2021, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for SPR stock.
Analyzing SPR’s Price Performance
On Wednesday, Spirit AeroSystems Holdings Inc. [NYSE: SPR] plunged -1.53% to $25.12. The stock’s lowest price that day was $25.10, but it reached a high of $26.54 in the same session. During the last five days, there has been a drop of approximately -8.42%. Over the course of the year, Spirit AeroSystems Holdings Inc. shares have dropped approximately -41.70%. Shares of the company reached a 52-week high of $53.31 on 02/17/22 and a 52-week low of $24.90 on 09/16/22. A 50-day SMA is recorded $31.36, while a 200-day SMA reached $38.44. Nevertheless, trading volume fell to 1.96 million shares from 1.85 million shares the previous day.
Support And Resistance Levels for Spirit AeroSystems Holdings Inc. (SPR)
According to the 24-hour chart, there is a support level at 24.63, which, if violated, would cause prices to drop to 24.15. In the upper region, resistance lies at 26.07. The next price resistance is at 27.03. RSI (Relative Strength Index) is 31.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.57, which suggests the price will decrease in the coming days. Percent R is at 96.61%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is Spirit AeroSystems Holdings Inc. subject to short interest?
Stocks of Spirit AeroSystems Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -0.38 million shares to 4.93 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 5.31 million shares. A decline of -7.71% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.73 of the overall float, the days-to-cover ratio (short ratio) decline to 2.73.
Which companies own the most shares of Spirit AeroSystems Holdings Inc. (SPR)?
According to The Vanguard Group, Inc. filings, the company currently owns 10,158,050 shares, which is about 9.66% of the total SPR shares outstanding. The investor’s shares have appreciated by 901,119 from its previous 13-F filing of 9256931.0 shares. With the completion of the buy transaction, Wellington Management Co. LLP’s stake is now worth $190,864,853. BlackRock Fund Advisors acquire a 5.75% interest valued at $152.24 million while T. Rowe Price Associates, Inc. purchased a 4,525,393 stake. A total of 505,084 shares of Spirit AeroSystems Holdings Inc. were bought by AllianceBernstein LP during the quarter, and 580,518 were bought by Marshall Wace LLP. In its current portfolio, SSgA Funds Management, Inc. holds 3,130,907 shares valued at $94.24 million.
In terms of Spirit AeroSystems Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $45.43 in the next 12 months, up nearly 82.28% from the previous closing price of $25.51. Analysts anticipate Spirit AeroSystems Holdings Inc. stock to reach $52.00 by 2022, with the lowest price target being $35.00. In spite of this, 15 analysts ranked Spirit AeroSystems Holdings Inc. stock as an Overweight at the end of 2022. On September 29, 2021, Bernstein assigned a price target of “an Outperform” to the stock and upgraded coverage with a $66.