ATI Inc’s recent filing unveils that its Chief Legal & Compl. Officer Davis Elliot S unloaded Company’s shares for reported $2.23 million on Feb 29 ’24. In the deal valued at $49.12 per share,45,351 shares were sold. As a result of this transaction, Davis Elliot S now holds 123,927 shares worth roughly $6.14 million.
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Then, Harris Timothy J sold 6,325 shares, generating $264,891 in total proceeds. Upon selling the shares at $41.88, the Senior VP and CDIO now owns 103,006 shares.
Before that, Harris Timothy J sold 6,325 shares. ATI Inc shares valued at $268,433 were divested by the Senior VP and CDIO at a price of $42.44 per share. As a result of the transaction, Harris Timothy J now holds 109,331 shares, worth roughly $5.42 million.
Northcoast initiated its ATI Inc [ATI] rating to a Buy in a research note published on July 20, 2023; the price target was $54. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who increased its forecast for the stock in early August from “a Peer perform” to “an Outperform”. Cowen also remained covering ATI and has increased its forecast on January 11, 2022 with a “an Outperform” recommendation from previously “Market perform” rating. Berenberg revised its rating on January 07, 2022. It rated ATI as “a Buy” which previously was an “a Hold”.
Price Performance Review of ATI
On Friday, ATI Inc [NYSE:ATI] saw its stock jump 1.52% to $49.55. Over the last five days, the stock has gained 0.36%. ATI Inc shares have risen nearly 8.97% since the year began. Nevertheless, the stocks have risen 30.57% over the past one year. While a 52-week high of $51.95 was reached on 03/08/24, a 52-week low of $34.10 was recorded on 02/01/24. SMA at 50 days reached $45.08, while 200 days put it at $43.30. A total of 0.67 million shares were traded, compared to the trading of 1.28 million shares in the previous session.
Levels Of Support And Resistance For ATI Stock
The 24-hour chart illustrates a support level at 48.90, which if violated will result in even more drops to 48.25. On the upside, there is a resistance level at 50.02. A further resistance level may holdings at 50.49. The Relative Strength Index (RSI) on the 14-day chart is 59.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.92%. Stochastics %K at 32.19% indicates the stock is a holding.
How much short interest is there in ATI Inc?
A steep rise in short interest was recorded in ATI Inc stocks on Feb 29, 2024, growing by 1.42 million shares to a total of 6.66 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 5.24 million shares. There was a rise of 21.32%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 8.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.81.
The most recent change occurred on November 17, 2021 when Wolfe Research began covering the stock and recommended ‘”a Peer perform”‘ rating along with a $18 price target.
