Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. A.O. Smith Corp. shares valued at $837,039 were sold by Heideman Robert J on Mar 05 ’24. At $84.63 per share, Heideman Robert J sold 9,890 shares. The insider’s holdings dropped to 9,455 shares worth approximately $0.84 million following the completion of this transaction.
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Also, Rajendra Ajita G sold 60,258 shares, netting a total of over 5,092,108 in proceeds. Following the sale of shares at $84.51 each, the insider now holds 56,951 shares.
Before that, Rajendra Ajita G had sold 43,137 shares from its account. In a trade valued at $3,623,918, the Director traded A.O. Smith Corp. shares for $84.01 each. Upon closing the transaction, the insider’s holdings decreased to 43,137 shares, worth approximately $5.06 million.
As published in their initiating research note from Seaport Research Partners on August 07, 2023, A.O. Smith Corp. [AOS] has been a Neutral. Analysts at Loop Capital downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid January. As of January 10, 2023, UBS has decreased its “Neutral” rating to a “Sell” for AOS. Earlier on July 14, 2022, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for AOS stock which previously was a “an Outperform”.
Analyzing AOS Stock Performance
During the last five days, there has been a surge of approximately 1.38%. Over the course of the year, A.O. Smith Corp. shares have jumped approximately 7.78%. Shares of the company reached a 52-week high of $89.96 on 03/21/24 and a 52-week low of $76.89 on 02/05/24. A 50-day SMA is recorded $82.81, while a 200-day SMA reached $75.24. Nevertheless, trading volume fell to 0.77 million shares from 0.89 million shares the previous day.
Support And Resistance Levels for A.O. Smith Corp. (AOS)
According to the 24-hour chart, there is a support level at 88.28, which, if violated, would cause prices to drop to 87.70. In the upper region, resistance lies at 89.15. The next price resistance is at 89.44. RSI (Relative Strength Index) is 64.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.03, which suggests the price will increase in the coming days. Percent R is at 20.79%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is A.O. Smith Corp. subject to short interest?
Stocks of A.O. Smith Corp. saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.34 million shares to 3.31 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 2.97 million shares. A jump of 10.27% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 3.47 of the overall float, the days-to-cover ratio (short ratio) jumped to 3.47.
