The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Crane Co shares valued at $617,068 were sold by D’Iorio Anthony M. on Feb 29 ’24. At $123.41 per share, D’Iorio Anthony M. sold 5,000 shares. The insider’s holdings dropped to 25,594 shares worth approximately $3.57 million following the completion of this transaction.
Also, MITCHELL MAX H sold 4,242 shares, netting a total of over 441,563 in proceeds. Following the sale of shares at $104.09 each, the insider now holds 322,628 shares.
Before that, MITCHELL MAX H had sold 22,542 shares from its account. In a trade valued at $2,399,561, the President and CEO traded Crane Co shares for $106.45 each. Upon closing the transaction, the insider’s holdings decreased to 22,542 shares, worth approximately $45.01 million.
As published in a research note from Vertical Research on April 24, 2024, Crane Co [CR] has been rated up from a Hold to a Buy. Analysts at Vertical Research started covering the stock with ‘”a Hold”‘ outlook in a report released in mid November. As of October 30, 2023, CJS Securities has initiated its “Market outperform” rating for CR. Earlier on September 28, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for CR stock.
Analyzing CR Stock Performance
During the last five days, there has been a drop of approximately -1.85%. Over the course of the year, Crane Co shares have jumped approximately 18.08%. Shares of the company reached a 52-week high of $146.29 on 04/26/24 and a 52-week low of $110.49 on 01/29/24. A 50-day SMA is recorded $132.18, while a 200-day SMA reached $108.55. Nevertheless, trading volume fell to 0.37 million shares from 0.23 million shares the previous day.
Support And Resistance Levels for Crane Co (CR)
According to the 24-hour chart, there is a support level at 137.32, which, if violated, would cause prices to drop to 135.14. In the upper region, resistance lies at 141.99. The next price resistance is at 144.48. RSI (Relative Strength Index) is 57.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.84, which suggests the price will increase in the coming days. Percent R is at 38.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
