Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hexcel Corp. shares valued at $62,294 were sold by Fitzsimons Gina on Feb 14 ’24. At $72.10 per share, Fitzsimons Gina sold 864 shares. The insider’s holdings dropped to 3,375 shares worth approximately $0.21 million following the completion of this transaction.
Also, Merlot Thierry sold 4,500 shares, netting a total of over 322,335 in proceeds. Following the sale of shares at $71.63 each, the insider now holds 50,371 shares.
Before that, Lehman Gail E had sold 1,571 shares from its account. In a trade valued at $110,206, the insider traded Hexcel Corp. shares for $70.15 each. Upon closing the transaction, the insider’s holdings decreased to 1,571 shares, worth approximately $0.43 million.
As published in a research note from Northcoast on April 10, 2024, Hexcel Corp. [HXL] has been rated down from a Buy to a Neutral. Analysts at BofA Securities downgraded the stock from ‘”a Neutral”‘ to ‘”an Underperform”‘ outlook in a report released in early April. As of February 22, 2024, Morgan Stanley has decreased its “an Equal-weight” rating to a “an Underweight” for HXL. Earlier on January 30, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for HXL stock which previously was a “a Buy”.
Analyzing HXL Stock Performance
During the last five days, there has been a drop of approximately -0.71%. Over the course of the year, Hexcel Corp. shares have dropped approximately -16.07%. Shares of the company reached a 52-week high of $77.09 on 03/07/24 and a 52-week low of $60.85 on 04/16/24. A 50-day SMA is recorded $71.66, while a 200-day SMA reached $70.00. Nevertheless, trading volume fell to 1.18 million shares from 1.35 million shares the previous day.
Support And Resistance Levels for Hexcel Corp. (HXL)
According to the 24-hour chart, there is a support level at 61.40, which, if violated, would cause prices to drop to 60.90. In the upper region, resistance lies at 62.42. The next price resistance is at 62.94. RSI (Relative Strength Index) is 25.94 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.83, which suggests the price will decrease in the coming days. Percent R is at 91.70%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
