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An Analysis of Crown Holdings, Inc. (CCK)’s Potential Price Growth

Crown Holdings, Inc.’s recently made public that its President & CEO DONAHUE TIMOTHY J unloaded Company’s shares for reported $0.68 million on Jan 08 ’24. In the deal valued at $90.96 per share,7,500 shares were sold. As a result of this transaction, DONAHUE TIMOTHY J now holds 651,264 shares worth roughly $52.81 million.

Then, DONAHUE TIMOTHY J sold 7,500 shares, generating $663,675 in total proceeds. Upon selling the shares at $88.49, the President & CEO now owns 579,743 shares.

Before that, Gifford Gerard H sold 13,535 shares. Crown Holdings, Inc. shares valued at $1,089,317 were divested by the EVP & COO at a price of $80.48 per share. As a result of the transaction, Gifford Gerard H now holds 109,864 shares, worth roughly $8.91 million.

Robert W. Baird upgraded its Crown Holdings, Inc. [CCK] rating to an Outperform from a a Neutral in a research note published on April 16, 2024; the price target was increased to $90 from $85. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Hold”. Morgan Stanley began covering CCK with “an Equal-weight” recommendation on March 18, 2024. Wolfe Research started covering the stock on March 01, 2024. It rated CCK as “an Outperform”.

Price Performance Review of CCK

On Monday, Crown Holdings, Inc. [NYSE:CCK] saw its stock jump 0.62% to $81.09. Over the last five days, the stock has gained 2.09%. Crown Holdings, Inc. shares have fallen nearly -11.94% since the year began. Nevertheless, the stocks have fallen -4.45% over the past one year. While a 52-week high of $96.35 was reached on 01/02/24, a 52-week low of $69.61 was recorded on 02/06/24. SMA at 50 days reached $77.46, while 200 days put it at $84.67. A total of 2.06 million shares were traded, compared to the trading of 1.9 million shares in the previous session.

Levels Of Support And Resistance For CCK Stock

The 24-hour chart illustrates a support level at 80.59, which if violated will result in even more drops to 80.10. On the upside, there is a resistance level at 81.75. A further resistance level may holdings at 82.42. The Relative Strength Index (RSI) on the 14-day chart is 62.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.00, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.50%. Stochastics %K at 86.92% indicates the stock is a selling.

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