Honeywell International Inc’s recent filing unveils that its Director Adamczyk Darius unloaded Company’s shares for reported $5.03 million on Feb 12 ’24. In the deal valued at $197.19 per share,25,500 shares were sold. As a result of this transaction, Adamczyk Darius now holds 183,400 shares worth roughly $35.98 million.
Then, Madden Anne T sold 25,000 shares, generating $4,851,750 in total proceeds. Upon selling the shares at $194.07, the SrVP and General Counsel now owns 33,683 shares.
Before that, Adamczyk Darius sold 41,000 shares. Honeywell International Inc shares valued at $7,860,520 were divested by the Director at a price of $191.72 per share. As a result of the transaction, Adamczyk Darius now holds 180,453 shares, worth roughly $35.4 million.
Berenberg upgraded its Honeywell International Inc [HON] rating to a Buy from a a Hold in a research note published on March 06, 2024; the price target was increased to $240 from $195. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Sell”. Daiwa Securities also remained covering HON and has decreased its forecast on October 31, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. BofA Securities revised its rating on July 11, 2022. It rated HON as “a Buy” which previously was an “a Neutral”.
Price Performance Review of HON
On Friday, Honeywell International Inc [NASDAQ:HON] saw its stock fall -0.36% to $196.16. Over the last five days, the stock has lost -0.50%. Honeywell International Inc shares have fallen nearly -6.46% since the year began. Nevertheless, the stocks have risen 1.52% over the past one year. While a 52-week high of $210.87 was reached on 01/02/24, a 52-week low of $174.88 was recorded on 02/01/24. SMA at 50 days reached $198.34, while 200 days put it at $195.31. A total of 3.36 million shares were traded, compared to the trading of 3.03 million shares in the previous session.
Levels Of Support And Resistance For HON Stock
The 24-hour chart illustrates a support level at 195.03, which if violated will result in even more drops to 193.90. On the upside, there is a resistance level at 196.87. A further resistance level may holdings at 197.58. The Relative Strength Index (RSI) on the 14-day chart is 43.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.91%. Stochastics %K at 15.30% indicates the stock is a buying.
The most recent change occurred on January 14, 2022 when Berenberg began covering the stock and recommended ‘”a Hold”‘ rating along with a $230 price target.
