Crane Holdings Co.’s filing revealed that its Senior Vice President Gallo Kurt F. unloaded Company’s shares for reported $0.98 million on Feb 07. In the deal valued at $119.03 per share,8,263 shares were sold. As a result of this transaction, Gallo Kurt F. now holds 289 shares worth roughly $ 34364.99.
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Then, Gallo Kurt F. sold 2,750 shares, generating $290,208 in total proceeds. Upon selling the shares at $105.53, the Senior Vice President now owns 25,845 shares.
Before that, MITCHELL MAX H sold 117,103 shares. Crane Holdings Co. shares valued at $12,225,622 were divested by the President and CEO at a price of $104.40 per share. As a result of the transaction, MITCHELL MAX H now holds 347,460 shares, worth roughly $41.32 million.
Morgan Stanley upgraded its Crane Holdings Co. [CR] rating to an Overweight from a an Equal-weight in a research note published on Monday, December 12, 2022; the price target was increased to $129 from $116. PT values the company’s stock at a premium of 7.82 to its Monday closing price. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in early December with a ‘”an Equal-weight”‘ rating. DA Davidson revised its rating on June 15, 2021. It rated CR as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CR
On Monday, Crane Holdings Co. [NYSE:CR] saw its stock jump 0.71% to $118.91. On the same session, the stock had its day’s lowest price of $117.66, but rose to a high of $119.45. Over the last five days, the stock has lost -1.23%. Crane Holdings Co. shares have risen nearly 18.38% since the year began. Nevertheless, the stocks have risen 19.99% over the past one year. While a 52-week high of $121.81 was reached on 02/09/23, a 52-week low of $82.14 was recorded on 01/03/23. SMA at 50 days reached $110.16, while 200 days put it at $99.51. A total of 0.6 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For CR Stock
The 24-hour chart illustrates a support level at 117.90, which if violated will result in even more drops to 116.88. On the upside, there is a resistance level at 119.69. A further resistance level may holdings at 120.46. The Relative Strength Index (RSI) on the 14-day chart is 60.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.41%. Stochastics %K at 35.71% indicates the stock is a holding.
How much short interest is there in Crane Holdings Co.?
A steep rise in short interest was recorded in Crane Holdings Co. stocks on Jan 30, 2023, growing by 99600.0 shares to a total of 0.76 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 0.66 million shares. There was a rise of 13.05%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.60% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.1.
Crane Holdings Co. [CR] – Who Are The Largest Shareholders?
In filings from Fidelity Management & Research Co, it is revealed that the company now owns 5,084,541 shares, or roughly 9.06% of the outstanding CR shares. In other words, the investor’s shares have risen by 679,219 from its previous 13-F filing of 4405322.0. Additionally, The Vanguard Group, Inc. increased 5.78% of its stake after which the total value it holdings stand at $541,271,070, while BlackRock Fund Advisors added 4.61% of its stake to hold $433.69 million in the firm. Over the last quarter, GAMCO Asset Management, Inc. sold -16,157 shares of Crane Holdings Co., while SSgA Funds Management, Inc. sold 24,217 shares. At present, LSV Asset Management is holding 1,193,799 shares valued at $138.37 million. FIAM LLC owned 1,192,073 shares of the company at the time of its most recent 13F filing, worth $138.17 million.