Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. BWX Technologies Inc shares valued at $105,420 were sold by Burbach Gerhard F on Mar 06 ’24. At $105.42 per share, Burbach Gerhard F sold 1,000 shares. The insider’s holdings dropped to 391 shares worth approximately $37524.27 following the completion of this transaction.
Also, NARDELLI ROBERT L purchased 2,000 shares, netting a total of over 142,460 in proceeds. Following the buying of shares at $71.23 each, the insider now holds 2,000 shares.
Before that, Burbach Gerhard F had sold 1,000 shares from its account. In a trade valued at $74,070, the Director traded BWX Technologies Inc shares for $74.07 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.13 million.
As published in a research note from Truist on March 25, 2024, BWX Technologies Inc [BWXT] has been rated down from a Buy to a Hold and the price target has been revised to $95 from $110. Analysts at Alembic Global Advisors downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early November. As of September 28, 2023, Deutsche Bank has initiated its “Buy” rating for BWXT. Earlier on August 04, 2023, Robert W. Baird upgraded its rating. Their new recommendation was “an Outperform” for BWXT stock which previously was a “a Neutral”.
Analyzing BWXT Stock Performance
During the last five days, there has been a drop of approximately -5.11%. Over the course of the year, BWX Technologies Inc shares have jumped approximately 25.07%. Shares of the company reached a 52-week high of $107.18 on 03/05/24 and a 52-week low of $74.69 on 01/08/24. A 50-day SMA is recorded $95.42, while a 200-day SMA reached $80.16. Nevertheless, trading volume fell to 0.56 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for BWX Technologies Inc (BWXT)
According to the 24-hour chart, there is a support level at 95.64, which, if violated, would cause prices to drop to 95.31. In the upper region, resistance lies at 96.54. The next price resistance is at 97.11. RSI (Relative Strength Index) is 39.02 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.77, which suggests the price will decrease in the coming days. Percent R is at 96.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
Is BWX Technologies Inc subject to short interest?
Stocks of BWX Technologies Inc saw a sharp steep in short interest on Mar 15, 2024 dropping by -0.49 million shares to 0.96 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.45 million shares. A decline of -50.86% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 1.19 of the overall float, the days-to-cover ratio (short ratio) decline to 1.19.
