Hexcel Corp.’s recently made public that its insider Fitzsimons Gina unloaded Company’s shares for reported $62294.0 on Feb 14 ’24. In the deal valued at $72.10 per share,864 shares were sold. As a result of this transaction, Fitzsimons Gina now holds 3,375 shares worth roughly $0.24 million.
Then, Merlot Thierry sold 4,500 shares, generating $322,335 in total proceeds. Upon selling the shares at $71.63, the insider now owns 50,371 shares.
Before that, Lehman Gail E sold 1,571 shares. Hexcel Corp. shares valued at $110,206 were divested by the insider at a price of $70.15 per share. As a result of the transaction, Lehman Gail E now holds 6,942 shares, worth roughly $0.49 million.
Morgan Stanley downgraded its Hexcel Corp. [HXL] rating to an Underweight from a an Equal-weight in a research note published on February 22, 2024; the price target was decreased to $66 from $70. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Truist also remained covering HXL and has increased its forecast on January 10, 2024 with a “Buy” recommendation from previously “Hold” rating. Goldman revised its rating on January 10, 2024. It rated HXL as “a Neutral” which previously was an “a Sell”.
Price Performance Review of HXL
On Tuesday, Hexcel Corp. [NYSE:HXL] saw its stock fall -0.48% to $71.15. Over the last five days, the stock has gained 0.24%. Hexcel Corp. shares have fallen nearly -3.53% since the year began. Nevertheless, the stocks have risen 8.39% over the past one year. While a 52-week high of $79.08 was reached on 03/07/24, a 52-week low of $58.81 was recorded on 01/25/24. SMA at 50 days reached $72.27, while 200 days put it at $70.33. A total of 0.99 million shares were traded, compared to the trading of 0.69 million shares in the previous session.
Levels Of Support And Resistance For HXL Stock
The 24-hour chart illustrates a support level at 70.44, which if violated will result in even more drops to 69.72. On the upside, there is a resistance level at 71.89. A further resistance level may holdings at 72.62. The Relative Strength Index (RSI) on the 14-day chart is 43.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.81%. Stochastics %K at 34.64% indicates the stock is a holding.
How much short interest is there in Hexcel Corp.?
A steep rise in short interest was recorded in Hexcel Corp. stocks on Mar 28, 2024, dropping by 20000.0 shares to a total of 1.76 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 1.78 million shares. There was a decline of -1.14%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.39% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.86.
The most recent change occurred on December 01, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $83 price target.
