Honeywell International Inc’s filing revealed 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 $35.63 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 $35.05 million.
Deutsche Bank downgraded its Honeywell International Inc [HON] rating to a Hold from a a Buy in a research note published on April 16, 2024; the price target was decreased to $215 from $227. A number of analysts have revised their coverage, including Berenberg’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. UBS also remained covering HON and has decreased its forecast on January 04, 2023 with a “Sell” recommendation from previously “Buy” rating. Daiwa Securities revised its rating on October 31, 2022. It rated HON as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of HON
On Friday, Honeywell International Inc [NASDAQ:HON] saw its stock jump 1.66% to $194.26. Over the last five days, the stock has lost -0.97%. Honeywell International Inc shares have fallen nearly -7.37% since the year began. Nevertheless, the stocks have fallen -1.79% 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 $198.06, while 200 days put it at $194.96. A total of 3.57 million shares were traded, compared to the trading of 2.14 million shares in the previous session.
Levels Of Support And Resistance For HON Stock
The 24-hour chart illustrates a support level at 192.42, which if violated will result in even more drops to 190.57. On the upside, there is a resistance level at 195.32. A further resistance level may holdings at 196.37. The Relative Strength Index (RSI) on the 14-day chart is 44.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 64.06%. Stochastics %K at 15.92% indicates the stock is a buying.
