The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Honeywell International Inc shares valued at $5,028,345 were sold by Adamczyk Darius on Feb 12 ’24. At $197.19 per share, Adamczyk Darius sold 25,500 shares. The insider’s holdings dropped to 183,400 shares worth approximately $35.88 million following the completion of this transaction.
Also, Madden Anne T sold 25,000 shares, netting a total of over 4,851,750 in proceeds. Following the sale of shares at $194.07 each, the insider now holds 33,683 shares.
Before that, Adamczyk Darius had sold 41,000 shares from its account. In a trade valued at $7,860,520, the Director traded Honeywell International Inc shares for $191.72 each. Upon closing the transaction, the insider’s holdings decreased to 41,000 shares, worth approximately $35.31 million.
As published in a research note from Berenberg on March 06, 2024, Honeywell International Inc [HON] has been rated up from a Hold to a Buy and the price target has been revised to $240 from $195. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of October 31, 2022, Daiwa Securities has decreased its “an Outperform” rating to a “Neutral” for HON. Earlier on July 11, 2022, BofA Securities upgraded its rating. Their new recommendation was “a Buy” for HON stock which previously was a “a Neutral”.
Analyzing HON Stock Performance
During the last five days, there has been a drop of approximately -1.17%. Over the course of the year, Honeywell International Inc shares have dropped approximately -6.70%. Shares of the company reached a 52-week high of $210.60 on 01/02/24 and a 52-week low of $189.66 on 02/01/24. A 50-day SMA is recorded $198.64, while a 200-day SMA reached $195.37. Nevertheless, trading volume fell to 2.69 million shares from 2.04 million shares the previous day.
Support And Resistance Levels for Honeywell International Inc (HON)
According to the 24-hour chart, there is a support level at 194.55, which, if violated, would cause prices to drop to 193.45. In the upper region, resistance lies at 196.60. The next price resistance is at 197.55. RSI (Relative Strength Index) is 41.95 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.53, which suggests the price will decrease in the coming days. Percent R is at 89.94%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Honeywell International Inc subject to short interest?
Stocks of Honeywell International Inc saw a sharp steep in short interest on Mar 28, 2024 dropping by -0.43 million shares to 7.59 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 8.02 million shares. A decline of -5.67% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 2.59 of the overall float, the days-to-cover ratio (short ratio) decline to 2.59.
