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Hexcel Corp. [HXL] Investment Guide: What You Need to Know

Hexcel Corp.’s filing revealed that its Chairman, CEO and President Stanage Nick L acquired Company’s shares for reported $0.96 million on Apr 26 ’24. In the deal valued at $64.29 per share,15,000 shares were bought. As a result of this transaction, Stanage Nick L now holds 392,446 shares worth roughly $25.68 million.

Then, CAMPBELL JEFFREY C bought 10,000 shares, generating $641,300 in total proceeds. Upon buying the shares at $64.13, the Director now owns 17,803 shares.

Before that, Fitzsimons Gina sold 864 shares. Hexcel Corp. shares valued at $62,294 were divested by the insider at a price of $72.10 per share. As a result of the transaction, Fitzsimons Gina now holds 3,375 shares, worth roughly $0.22 million.

Northcoast downgraded its Hexcel Corp. [HXL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in early April from “a Neutral” to “an Underperform”. Morgan Stanley also remained covering HXL and has decreased its forecast on February 22, 2024 with a “an Underweight” recommendation from previously “an Equal-weight” rating. UBS revised its rating on January 30, 2024. It rated HXL as “a Neutral” which previously was an “a Buy”.

Price Performance Review of HXL

On Monday, Hexcel Corp. [NYSE:HXL] saw its stock jump 1.98% to $65.43. Over the last five days, the stock has gained 4.65%. Hexcel Corp. shares have fallen nearly -11.28% since the year began. Nevertheless, the stocks have fallen -9.05% over the past one year. While a 52-week high of $79.08 was reached on 03/07/24, a 52-week low of $58.81 was recorded on 04/16/24. SMA at 50 days reached $70.27, while 200 days put it at $69.45. A total of 1.13 million shares were traded, compared to the trading of 1.54 million shares in the previous session.

Levels Of Support And Resistance For HXL Stock

The 24-hour chart illustrates a support level at 64.59, which if violated will result in even more drops to 63.76. On the upside, there is a resistance level at 65.86. A further resistance level may holdings at 66.30. The Relative Strength Index (RSI) on the 14-day chart is 46.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.65%. Stochastics %K at 52.28% indicates the stock is a holding.

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