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Buying Buzz: GrafTech International Ltd. [EAF] 10% Owner Colonial House Capital Ltd purchases 179,279 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. GrafTech International Ltd. shares valued at $266,211 were purchased by Colonial House Capital Ltd on Apr 26 ’24. At $1.48 per share, Colonial House Capital Ltd acquired 179,279 shares. The insider’s holdings grew to 29,714,854 shares worth approximately $49.62 million following the completion of this transaction.

Also, Colonial House Capital Ltd purchased 2,303,599 shares, netting a total of over 4,100,867 in proceeds. Following the buying of shares at $1.78 each, the insider now holds 29,535,575 shares.

Before that, BCP GP Ltd had sold 3,922,786 shares from its account. In a trade valued at $8,630,129, the Former 10% Owner traded GrafTech International Ltd. shares for $2.20 each. Upon closing the transaction, the insider’s holdings decreased to 3,922,786 shares, worth approximately $39.0 million.

As published in their initiating research note from UBS on January 16, 2024, GrafTech International Ltd. [EAF] has been a Neutral and the price target has been revised to $2. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid July. As of June 07, 2022, Citigroup has decreased its “Buy” rating to a “Neutral” for EAF.

Analyzing EAF Stock Performance

During the last five days, there has been a surge of approximately 1.21%. Over the course of the year, GrafTech International Ltd. shares have dropped approximately -23.74%. Shares of the company reached a 52-week high of $2.2400 on 01/02/24 and a 52-week low of $1.1800 on 02/05/24. A 50-day SMA is recorded $1.5738, while a 200-day SMA reached $2.6286. Nevertheless, trading volume fell to 3.18 million shares from 3.64 million shares the previous day.

Support And Resistance Levels for GrafTech International Ltd. (EAF)

According to the 24-hour chart, there is a support level at 1.6304, which, if violated, would cause prices to drop to 1.5908. In the upper region, resistance lies at 1.7342. The next price resistance is at 1.7984. RSI (Relative Strength Index) is 54.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0676, which suggests the price will decrease in the coming days. Percent R is at 47.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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