Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hexcel Corp. shares valued at $62,294 were sold by Fitzsimons Gina on Feb 14 ’24. At $72.10 per share, Fitzsimons Gina sold 864 shares. The insider’s holdings dropped to 3,375 shares worth approximately $0.25 million following the completion of this transaction.
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Also, Merlot Thierry sold 4,500 shares, netting a total of over 322,335 in proceeds. Following the sale of shares at $71.63 each, the insider now holds 50,371 shares.
Before that, Lehman Gail E had sold 1,571 shares from its account. In a trade valued at $110,206, the insider traded Hexcel Corp. shares for $70.15 each. Upon closing the transaction, the insider’s holdings decreased to 1,571 shares, worth approximately $0.51 million.
As published in a research note from Morgan Stanley on February 22, 2024, Hexcel Corp. [HXL] has been rated down from an Equal-weight to an Underweight and the price target has been revised to $66 from $70. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of January 10, 2024, Truist has increased its “Hold” rating to a “Buy” for HXL. Earlier on January 10, 2024, Goldman upgraded its rating. Their new recommendation was “a Neutral” for HXL stock which previously was a “a Sell”.
Analyzing HXL Stock Performance
During the last five days, there has been a drop of approximately -0.16%. Over the course of the year, Hexcel Corp. shares have dropped approximately -1.29%. Shares of the company reached a 52-week high of $77.09 on 03/07/24 and a 52-week low of $64.74 on 01/25/24. A 50-day SMA is recorded $72.05, while a 200-day SMA reached $70.39. Nevertheless, trading volume fell to 0.76 million shares from 0.56 million shares the previous day.
Support And Resistance Levels for Hexcel Corp. (HXL)
According to the 24-hour chart, there is a support level at 72.25, which, if violated, would cause prices to drop to 71.69. In the upper region, resistance lies at 73.31. The next price resistance is at 73.81. RSI (Relative Strength Index) is 49.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.04, which suggests the price will decrease in the coming days. Percent R is at 65.22%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Hexcel Corp. subject to short interest?
Stocks of Hexcel Corp. saw a sharp rise in short interest on Feb 29, 2024 jumping by 0.55 million shares to 1.78 million. Data from Yahoo Finance shows that the short interest on Jan 31, 2024 was 1.23 million shares. A jump of 30.9% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.94 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.94.
