The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Crown Holdings Inc. shares valued at $173,550 were sold by Kalaus Christy L. on Aug 07. At $90.67 per share, Kalaus Christy L. sold 1,914 shares. The insider’s holdings dropped to 7,500 shares worth approximately $0.66 million following the completion of this transaction.
Also, MILLER JAMES H sold 9,300 shares, netting a total of over 789,154 in proceeds. Following the sale of shares at $84.86 each, the insider now holds 19,801 shares.
Before that, Kalaus Christy L. had sold 500 shares from its account. In a trade valued at $46,950, the VP & Corp Controller traded Crown Holdings Inc. shares for $93.90 each. Upon closing the transaction, the insider’s holdings decreased to 500 shares, worth approximately $0.43 million.
As published in a research note from Robert W. Baird on January 04, 2023, Crown Holdings Inc. [CCK] has been rated down from an Outperform to a Neutral and the price target has been revised to $80. This represents a -10.69% premium over Thursday’s closing price.
Analyzing CCK Stock Performance
On Thursday, Crown Holdings Inc. [NYSE: CCK] rose 0.74% to $88.55. The stock’s lowest price that day was $87.40, but it reached a high of $88.96 in the same session. During the last five days, there has been a surge of approximately 0.69%. Over the course of the year, Crown Holdings Inc. shares have jumped approximately 7.71%. Shares of the company reached a 52-week high of $96.35 on 07/25/23 and a 52-week low of $75.61 on 04/17/23. A 50-day SMA is recorded $88.87, while a 200-day SMA reached $84.07. Nevertheless, trading volume fell to 0.67 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Crown Holdings Inc. (CCK)
According to the 24-hour chart, there is a support level at 87.65, which, if violated, would cause prices to drop to 86.74. In the upper region, resistance lies at 89.21. The next price resistance is at 89.86. RSI (Relative Strength Index) is 47.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.40, which suggests the price will decrease in the coming days. Percent R is at 51.79%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Crown Holdings Inc. subject to short interest?
Stocks of Crown Holdings Inc. saw a sharp steep in short interest on Jul 30, 2023 dropping by -1.2 million shares to 5.73 million. Data from Yahoo Finance shows that the short interest on Jun 29, 2023 was 6.93 million shares. A decline of -20.94% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.8 of the overall float, the days-to-cover ratio (short ratio) decline to 5.8.
Which companies own the most shares of Crown Holdings Inc. (CCK)?
According to The Vanguard Group, Inc. filings, the company currently owns 11,545,514 shares, which is about 9.61% of the total CCK shares outstanding. The investor’s shares have appreciated by 117,808 from its previous 13-F filing of 11427706.0 shares. With the completion of the buy transaction, BlackRock Fund Advisors’s stake is now worth $858,476,361. Janus Henderson Investors US LLC reduced a -2.10% interest valued at $515.71 million while Victory Capital Management, Inc. purchased a 401,871 stake. A total of 1,323,107 shares of Crown Holdings Inc. were bought by SSgA Funds Management, Inc. during the quarter, and 447,558 were bought by William Blair Investment Manageme. In its current portfolio, Fidelity Management & Research Co holds 3,301,981 shares valued at $306.29 million.