Crown Holdings, Inc.’s filing revealed that its President & CEO DONAHUE TIMOTHY J unloaded Company’s shares for reported $0.68 million on Jan 08 ’24. In the deal valued at $90.96 per share,7,500 shares were sold. As a result of this transaction, DONAHUE TIMOTHY J now holds 651,264 shares worth roughly $49.63 million.
Then, DONAHUE TIMOTHY J sold 7,500 shares, generating $663,675 in total proceeds. Upon selling the shares at $88.49, the President & CEO now owns 579,743 shares.
Before that, Gifford Gerard H sold 13,535 shares. Crown Holdings, Inc. shares valued at $1,089,317 were divested by the EVP & COO at a price of $80.48 per share. As a result of the transaction, Gifford Gerard H now holds 109,864 shares, worth roughly $8.37 million.
Truist downgraded its Crown Holdings, Inc. [CCK] rating to a Hold from a a Buy in a research note published on March 27, 2024; the price target was decreased to $88 from $100. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid March with a ‘”an Equal-weight”‘ rating. Wolfe Research began covering CCK with “an Outperform” recommendation on March 01, 2024. JP Morgan revised its rating on February 07, 2024. It rated CCK as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of CCK
On Monday, Crown Holdings, Inc. [NYSE:CCK] saw its stock fall -1.44% to $76.20. Over the last five days, the stock has lost -1.03%. Crown Holdings, Inc. shares have fallen nearly -17.25% since the year began. Nevertheless, the stocks have fallen -2.50% over the past one year. While a 52-week high of $96.35 was reached on 01/02/24, a 52-week low of $69.61 was recorded on 02/06/24. SMA at 50 days reached $77.19, while 200 days put it at $85.08. A total of 1.34 million shares were traded, compared to the trading of 1.11 million shares in the previous session.
Levels Of Support And Resistance For CCK Stock
The 24-hour chart illustrates a support level at 74.75, which if violated will result in even more drops to 73.30. On the upside, there is a resistance level at 78.18. A further resistance level may holdings at 80.16. The Relative Strength Index (RSI) on the 14-day chart is 41.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.61%. Stochastics %K at 35.25% indicates the stock is a holding.
The most recent change occurred on January 16, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $112 price target.
