WWD stock rated a Neutral by Alembic Global Advisors

In a filing, Woodward Inc revealed its EVP and COO Cromwell Thomas G unloaded Company’s shares for reported $5.49 million on Mar 01 ’24. In the deal valued at $141.98 per share,38,700 shares were sold. As a result of this transaction, Cromwell Thomas G now holds 11,833 shares worth roughly $1.72 million.

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Then, Fawzy Christopher sold 11,000 shares, generating $1,540,000 in total proceeds. Upon selling the shares at $140.00, the EVP, Gen Counsel & Corp Sec now owns 4,836 shares.

Before that, COHN JOHN D sold 1,500 shares. Woodward Inc shares valued at $208,291 were divested by the Director at a price of $138.86 per share. As a result of the transaction, COHN JOHN D now holds 20,531 shares, worth roughly $2.99 million.

Alembic Global Advisors downgraded its Woodward Inc [WWD] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early January from “a Sell” to “a Buy”. UBS began covering WWD with “Buy” recommendation on October 11, 2023. Deutsche Bank started covering the stock on September 28, 2023. It rated WWD as “a Buy”.

Price Performance Review of WWD

On Tuesday, Woodward Inc [NASDAQ:WWD] saw its stock fall -1.69% to $145.70. Over the last five days, the stock has gained 1.58%. Woodward Inc shares have risen nearly 7.03% since the year began. Nevertheless, the stocks have risen 55.55% over the past one year. While a 52-week high of $151.30 was reached on 03/08/24, a 52-week low of $88.30 was recorded on 01/04/24. SMA at 50 days reached $138.62, while 200 days put it at $128.55. A total of 0.3 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For WWD Stock

The 24-hour chart illustrates a support level at 143.65, which if violated will result in even more drops to 141.60. On the upside, there is a resistance level at 148.23. A further resistance level may holdings at 150.76. The Relative Strength Index (RSI) on the 14-day chart is 60.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.21%. Stochastics %K at 72.23% indicates the stock is a holding.

How much short interest is there in Woodward Inc?

A steep rise in short interest was recorded in Woodward Inc stocks on Feb 29, 2024, growing by 74980.0 shares to a total of 0.74 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 0.66 million shares. There was a rise of 10.19%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.56% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.01.

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