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AWI stock rated a Neutral by UBS

Armstrong World Industries Inc.’s filing revealed that its CEO Grizzle Victor unloaded Company’s shares for reported $2.27 million on Dec 28 ’23. In the deal valued at $99.02 per share,22,914 shares were sold. As a result of this transaction, Grizzle Victor now holds 332,435 shares worth roughly $39.51 million.

UBS upgraded its Armstrong World Industries Inc. [AWI] rating to a Neutral from a a Sell in a research note published on January 04, 2024; the price target was increased to $103 from $75. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Hold”. Evercore ISI also remained covering AWI and has increased its forecast on January 13, 2023 with a “an In-line” recommendation from previously “an Underperform” rating. Loop Capital revised its rating on January 05, 2023. It rated AWI as “a Hold” which previously was an “a Buy”.

Price Performance Review of AWI

On Monday, Armstrong World Industries Inc. [NYSE:AWI] saw its stock jump 1.60% to $118.85. Over the last five days, the stock has gained 3.62%. Armstrong World Industries Inc. shares have risen nearly 20.88% since the year began. Nevertheless, the stocks have risen 74.57% over the past one year. While a 52-week high of $125.56 was reached on 03/22/24, a 52-week low of $62.03 was recorded on 01/05/24. SMA at 50 days reached $120.00, while 200 days put it at $92.65. A total of 0.6 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For AWI Stock

The 24-hour chart illustrates a support level at 117.30, which if violated will result in even more drops to 115.75. On the upside, there is a resistance level at 120.04. A further resistance level may holdings at 121.24. The Relative Strength Index (RSI) on the 14-day chart is 53.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.91, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.53%. Stochastics %K at 51.37% indicates the stock is a holding.

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