Armstrong World Industries Inc.’s recently made public that its CEO Grizzle Victor unloaded Company’s shares for reported $2.27 million on Dec 28 ’23. In the deal valued at $99.02 per share,22,914 shares were sold. As a result of this transaction, Grizzle Victor now holds 332,435 shares worth roughly $41.02 million.
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UBS upgraded its Armstrong World Industries Inc. [AWI] rating to a Neutral from a a Sell in a research note published on January 04, 2024; the price target was increased to $103 from $75. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Hold”. Evercore ISI also remained covering AWI and has increased its forecast on January 13, 2023 with a “an In-line” recommendation from previously “an Underperform” rating. Loop Capital revised its rating on January 05, 2023. It rated AWI as “a Hold” which previously was an “a Buy”.
Price Performance Review of AWI
On Tuesday, Armstrong World Industries Inc. [NYSE:AWI] saw its stock fall -0.02% to $123.39. Over the last five days, the stock has lost -0.30%. Armstrong World Industries Inc. shares have risen nearly 25.50% since the year began. Nevertheless, the stocks have risen 81.80% over the past one year. While a 52-week high of $125.56 was reached on 03/22/24, a 52-week low of $62.03 was recorded on 01/05/24. SMA at 50 days reached $112.00, while 200 days put it at $87.26. A total of 0.3 million shares were traded, compared to the trading of 0.28 million shares in the previous session.
Levels Of Support And Resistance For AWI Stock
The 24-hour chart illustrates a support level at 122.98, which if violated will result in even more drops to 122.56. On the upside, there is a resistance level at 123.88. A further resistance level may holdings at 124.37. The Relative Strength Index (RSI) on the 14-day chart is 64.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.09%. Stochastics %K at 69.74% indicates the stock is a holding.
How much short interest is there in Armstrong World Industries Inc.?
A steep rise in short interest was recorded in Armstrong World Industries Inc. stocks on Feb 29, 2024, dropping by -0.19 million shares to a total of 1.25 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 1.44 million shares. There was a decline of -15.2%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.30% of the overall stock float, the days-to-cover ratio (short ratio) fell to 3.03.
