Crown Holdings Inc.’s filing revealed that its VP & Corp Controller Kalaus Christy L. unloaded Company’s shares for reported $0.17 million on Aug 07. In the deal valued at $90.67 per share,1,914 shares were sold. As a result of this transaction, Kalaus Christy L. now holds 7,500 shares worth roughly $ 0.69 million.
Then, MILLER JAMES H sold 9,300 shares, generating $789,154 in total proceeds. Upon selling the shares at $84.86, the Director now owns 19,801 shares.
Before that, Kalaus Christy L. sold 500 shares. Crown Holdings Inc. shares valued at $46,950 were divested by the VP & Corp Controller at a price of $93.90 per share. As a result of the transaction, Kalaus Christy L. now holds 4,894 shares, worth roughly $0.45 million.
Robert W. Baird downgraded its Crown Holdings Inc. [CCK] rating to a Neutral from a an Outperform in a research note published on Tuesday. PT values the company’s stock at a premium of -15.06 to its Tuesday closing price.
Price Performance Review of CCK
On Tuesday, Crown Holdings Inc. [NYSE:CCK] saw its stock fall -1.94% to $92.05. On the same session, the stock had its day’s lowest price of $91.20, but rose to a high of $92.97. Over the last five days, the stock has gained 2.60%. Crown Holdings Inc. shares have risen nearly 11.97% since the year began. Nevertheless, the stocks have risen 1.13% over the past one year. While a 52-week high of $100.39 was reached on 07/25/23, a 52-week low of $66.00 was recorded on 04/17/23. SMA at 50 days reached $89.50, while 200 days put it at $84.58. A total of 0.85 million shares were traded, compared to the trading of 0.6 million shares in the previous session.
Levels Of Support And Resistance For CCK Stock
The 24-hour chart illustrates a support level at 91.18, which if violated will result in even more drops to 90.30. On the upside, there is a resistance level at 92.95. A further resistance level may holdings at 93.84. The Relative Strength Index (RSI) on the 14-day chart is 58.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.15, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 29.65%. Stochastics %K at 85.10% indicates the stock is a selling.
How much short interest is there in Crown Holdings Inc.?
A steep rise in short interest was recorded in Crown Holdings Inc. stocks on Aug 14, 2023, dropping by -1.84 million shares to a total of 4.71 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 6.55 million shares. There was a decline of -39.07%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.14% of the overall stock float, the days-to-cover ratio (short ratio) fell to 4.36.
Crown Holdings Inc. [CCK] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 11,545,514 shares, or roughly 9.61% of the outstanding CCK shares. In other words, the investor’s shares have risen by 117,808 from its previous 13-F filing of 11427706.0. Additionally, BlackRock Fund Advisors increased 99.20% of its stake after which the total value it holdings stand at $858,476,361, while Janus Henderson Investors US LLC reduced -2.10% of its stake to hold $515.71 million in the firm. Over the last quarter, Victory Capital Management, Inc. purchased 401,871 shares of Crown Holdings Inc., while SSgA Funds Management, Inc. bought 1,323,107 shares. At present, William Blair Investment Manageme is holding 3,325,305 shares valued at $308.46 million. Fidelity Management & Research Co owned 3,301,981 shares of the company at the time of its most recent 13F filing, worth $306.29 million.
According to FactSet, Crown Holdings Inc.’s share price will average $106.81 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.52 percent from its previous closing price of $93.87. Analysts expect Crown Holdings Inc. stock to reach the higher price of $128.00, while the lowest price estimate is $86.00. However, 15 analysts have rated CCK stock as an Overweight in their predictions for 2023.