In a filing, Curtiss-Wright Corp. revealed its Vice President and Corp. Sec. Ferdenzi Paul J unloaded Company’s shares for reported $0.62 million on Mar 22 ’24. In the deal valued at $250.00 per share,2,500 shares were sold. As a result of this transaction, Ferdenzi Paul J now holds 15,942 shares worth roughly $3.98 million.
Then, Farkas K Christopher sold 880 shares, generating $214,896 in total proceeds. Upon selling the shares at $244.20, the Vice President and CFO now owns 9,172 shares.
Before that, Bamford Lynn M sold 2,620 shares. Curtiss-Wright Corp. shares valued at $638,232 were divested by the Chair and CEO at a price of $243.60 per share. As a result of the transaction, Bamford Lynn M now holds 35,773 shares, worth roughly $8.94 million.
Truist downgraded its Curtiss-Wright Corp. [CW] rating to a Hold from a a Buy in a research note published on March 25, 2024; the price target was decreased to $240 from $250. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early August from “an Equal-weight” to “an Overweight”. Morgan Stanley revised its rating on December 12, 2022. It rated CW as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of CW
On Tuesday, Curtiss-Wright Corp. [NYSE:CW] saw its stock jump 1.15% to $249.93. Over the last five days, the stock has lost -1.82%. Curtiss-Wright Corp. shares have risen nearly 12.18% since the year began. Nevertheless, the stocks have risen 42.70% over the past one year. While a 52-week high of $261.46 was reached on 04/08/24, a 52-week low of $157.72 was recorded on 01/09/24. SMA at 50 days reached $242.59, while 200 days put it at $215.41. A total of 0.2 million shares were traded, compared to the trading of 0.13 million shares in the previous session.
Levels Of Support And Resistance For CW Stock
The 24-hour chart illustrates a support level at 246.79, which if violated will result in even more drops to 243.65. On the upside, there is a resistance level at 252.71. A further resistance level may holdings at 255.49. The Relative Strength Index (RSI) on the 14-day chart is 51.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.71%. Stochastics %K at 13.03% indicates the stock is a buying.
The most recent change occurred on October 11, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $170 price target.
