Woodward Inc’s filing revealed that 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 $1.87 million.
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 $3.25 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 Monday, Woodward Inc [NASDAQ:WWD] saw its stock fall -0.09% to $158.10. Over the last five days, the stock has gained 3.31%. Woodward Inc shares have risen nearly 16.14% since the year began. Nevertheless, the stocks have risen 65.52% over the past one year. While a 52-week high of $160.79 was reached on 04/04/24, a 52-week low of $91.42 was recorded on 01/04/24. SMA at 50 days reached $144.45, while 200 days put it at $132.20. A total of 0.73 million shares were traded, compared to the trading of 0.62 million shares in the previous session.
Levels Of Support And Resistance For WWD Stock
The 24-hour chart illustrates a support level at 157.27, which if violated will result in even more drops to 156.44. On the upside, there is a resistance level at 159.09. A further resistance level may holdings at 160.08. The Relative Strength Index (RSI) on the 14-day chart is 70.06, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.04, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.33%. Stochastics %K at 75.59% 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 Mar 15, 2024, growing by 0.18 million shares to a total of 0.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.59 million shares. There was a rise of 23.07%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.35.
