Powell Industries, Inc.’s recently made public that its 10% Owner POWELL THOMAS W unloaded Company’s shares for reported $0.73 million on Mar 04 ’24. In the deal valued at $187.51 per share,3,884 shares were sold. As a result of this transaction, POWELL THOMAS W now holds 707,265 shares worth roughly $101.41 million.
Then, POWELL THOMAS W sold 500 shares, generating $89,251 in total proceeds. Upon selling the shares at $178.50, the 10% Owner now owns 4,000 shares.
Before that, POWELL THOMAS W sold 5,000 shares. Powell Industries, Inc. shares valued at $871,882 were divested by the 10% Owner at a price of $174.38 per share. As a result of the transaction, POWELL THOMAS W now holds 1,688,628 shares, worth roughly $242.13 million.
Sidoti downgraded its Powell Industries, Inc. [POWL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Sidoti also remained covering POWL and has decreased its forecast on August 11, 2020 with a “Neutral” recommendation from previously “Buy” rating. Sidoti revised its rating on March 19, 2020. It rated POWL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of POWL
On Tuesday, Powell Industries, Inc. [NASDAQ:POWL] saw its stock jump 5.33% to $143.39. Over the last five days, the stock has gained 14.36%. Powell Industries, Inc. shares have risen nearly 62.21% since the year began. Nevertheless, the stocks have risen 267.38% over the past one year. While a 52-week high of $197.87 was reached on 03/04/24, a 52-week low of $38.92 was recorded on 01/26/24. SMA at 50 days reached $148.48, while 200 days put it at $98.96. A total of 0.28 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For POWL Stock
The 24-hour chart illustrates a support level at 138.77, which if violated will result in even more drops to 134.16. On the upside, there is a resistance level at 146.40. A further resistance level may holdings at 149.42. The Relative Strength Index (RSI) on the 14-day chart is 57.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.23, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.18%. Stochastics %K at 67.32% indicates the stock is a holding.
