Hexcel Corp.’s filing revealed 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 $0.21 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 $0.43 million.
Northcoast downgraded its Hexcel Corp. [HXL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “an Underperform”. Morgan Stanley also remained covering HXL and has decreased its forecast on February 22, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. UBS revised its rating on January 30, 2024. It rated HXL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HXL
On Friday, Hexcel Corp. [NYSE:HXL] saw its stock fall -1.74% to $62.56. Over the last five days, the stock has lost -13.17%. Hexcel Corp. shares have fallen nearly -15.17% since the year began. Nevertheless, the stocks have fallen -7.58% 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 04/10/24. SMA at 50 days reached $72.06, while 200 days put it at $70.19. A total of 1.63 million shares were traded, compared to the trading of 2.0 million shares in the previous session.
Levels Of Support And Resistance For HXL Stock
The 24-hour chart illustrates a support level at 61.76, which if violated will result in even more drops to 60.97. On the upside, there is a resistance level at 63.65. A further resistance level may holdings at 64.74. The Relative Strength Index (RSI) on the 14-day chart is 25.62, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.08%. Stochastics %K at 13.32% indicates the stock is a buying.
