Howmet Aerospace Inc’s recently made public that its EVP, HR Marchuk Neil Edward unloaded Company’s shares for reported $3.03 million on Mar 04 ’24. In the deal valued at $67.44 per share,45,000 shares were sold. As a result of this transaction, Marchuk Neil Edward now holds 229,568 shares worth roughly $15.32 million.
Then, Marchuk Neil Edward sold 80,000 shares, generating $4,004,464 in total proceeds. Upon selling the shares at $50.06, the EVP, HR now owns 261,291 shares.
RBC Capital Mkts initiated its Howmet Aerospace Inc [HWM] rating to an Outperform in a research note published on March 18, 2024; the price target was $75. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Bernstein began covering HWM with “an Outperform” recommendation on January 05, 2024. UBS started covering the stock on October 11, 2023. It rated HWM as “a Neutral”.
Price Performance Review of HWM
On Monday, Howmet Aerospace Inc [NYSE:HWM] saw its stock fall -0.49% to $66.73. Over the last five days, the stock has gained 0.94%. Howmet Aerospace Inc shares have risen nearly 23.30% since the year began. Nevertheless, the stocks have risen 58.47% over the past one year. While a 52-week high of $69.55 was reached on 03/08/24, a 52-week low of $41.40 was recorded on 01/04/24. SMA at 50 days reached $64.14, while 200 days put it at $53.24. A total of 4.44 million shares were traded, compared to the trading of 3.71 million shares in the previous session.
Levels Of Support And Resistance For HWM Stock
The 24-hour chart illustrates a support level at 66.43, which if violated will result in even more drops to 66.13. On the upside, there is a resistance level at 67.22. A further resistance level may holdings at 67.72. The Relative Strength Index (RSI) on the 14-day chart is 53.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.61, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.34%. Stochastics %K at 41.23% indicates the stock is a holding.
How much short interest is there in Howmet Aerospace Inc?
A steep rise in short interest was recorded in Howmet Aerospace Inc stocks on Mar 15, 2024, growing by 2.17 million shares to a total of 6.82 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.65 million shares. There was a rise of 31.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.10% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.85.
The most recent change occurred on October 05, 2023 when Northcoast began covering the stock and recommended ‘”a Neutral”‘ rating .
