A.O. Smith Corp.’s filing revealed that its Senior VP, CTO Heideman Robert J unloaded Company’s shares for reported $0.84 million on Mar 05 ’24. In the deal valued at $84.63 per share,9,890 shares were sold. As a result of this transaction, Heideman Robert J now holds 9,455 shares worth roughly $0.81 million.
Then, Rajendra Ajita G sold 60,258 shares, generating $5,092,108 in total proceeds. Upon selling the shares at $84.51, the Director now owns 56,951 shares.
Before that, Rajendra Ajita G sold 43,137 shares. A.O. Smith Corp. shares valued at $3,623,918 were divested by the Director at a price of $84.01 per share. As a result of the transaction, Rajendra Ajita G now holds 56,951 shares, worth roughly $4.85 million.
Seaport Research Partners initiated its A.O. Smith Corp. [AOS] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Loop Capital’s analysts, who decreased its forecast for the stock in mid January from “a Buy” to “a Hold”. UBS also remained covering AOS and has decreased its forecast on January 10, 2023 with a “Sell” recommendation from previously “Neutral” rating. Robert W. Baird revised its rating on July 14, 2022. It rated AOS as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of AOS
On Monday, A.O. Smith Corp. [NYSE:AOS] saw its stock fall -1.56% to $85.15. Over the last five days, the stock has lost -2.09%. A.O. Smith Corp. shares have risen nearly 3.29% since the year began. Nevertheless, the stocks have risen 28.33% over the past one year. While a 52-week high of $89.96 was reached on 03/21/24, a 52-week low of $63.88 was recorded on 02/05/24. SMA at 50 days reached $84.42, while 200 days put it at $76.26. A total of 0.77 million shares were traded, compared to the trading of 1.18 million shares in the previous session.
Levels Of Support And Resistance For AOS Stock
The 24-hour chart illustrates a support level at 84.10, which if violated will result in even more drops to 83.04. On the upside, there is a resistance level at 87.10. A further resistance level may holdings at 89.04. The Relative Strength Index (RSI) on the 14-day chart is 43.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.31%. Stochastics %K at 34.55% indicates the stock is a holding.
