ATI Inc’s filing revealed that its Chief Legal & Compl. Officer Davis Elliot S unloaded Company’s shares for reported $2.23 million on Feb 29 ’24. In the deal valued at $49.12 per share,45,351 shares were sold. As a result of this transaction, Davis Elliot S now holds 123,927 shares worth roughly $ 6.27 million.
Then, Harris Timothy J sold 6,325 shares, generating $264,891 in total proceeds. Upon selling the shares at $41.88, the Senior VP and CDIO now owns 103,006 shares.
Before that, Harris Timothy J sold 6,325 shares. ATI Inc shares valued at $268,433 were divested by the Senior VP and CDIO at a price of $42.44 per share. As a result of the transaction, Harris Timothy J now holds 109,331 shares, worth roughly $5.53 million.
Deutsche Bank initiated its ATI Inc [ATI] rating to a Buy in a research note published on April 11, 2024; the price target was $70. A number of analysts have revised their coverage, including Northcoast’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Wolfe Research also remained covering ATI and has increased its forecast on August 05, 2022 with a “an Outperform” recommendation from previously “Peer perform” rating. Cowen revised its rating on January 11, 2022. It rated ATI as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of ATI
On Friday, ATI Inc [NYSE:ATI] saw its stock fall -1.06% to $50.56. Over the last five days, the stock has lost -2.09%. ATI Inc shares have risen nearly 11.19% since the year began. Nevertheless, the stocks have risen 28.98% over the past one year. While a 52-week high of $52.98 was reached on 04/15/24, a 52-week low of $34.10 was recorded on 02/01/24. SMA at 50 days reached $48.76, while 200 days put it at $44.26. A total of 0.91 million shares were traded, compared to the trading of 1.0 million shares in the previous session.
Levels Of Support And Resistance For ATI Stock
The 24-hour chart illustrates a support level at 49.89, which if violated will result in even more drops to 49.22. On the upside, there is a resistance level at 51.42. A further resistance level may holdings at 52.28. The Relative Strength Index (RSI) on the 14-day chart is 52.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.22%. Stochastics %K at 34.85% indicates the stock is a holding.
