Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Woodward Inc shares valued at $5,494,750 were sold by Cromwell Thomas G on Mar 01 ’24. At $141.98 per share, Cromwell Thomas G sold 38,700 shares. The insider’s holdings dropped to 11,833 shares worth approximately $1.96 million following the completion of this transaction.
Also, Fawzy Christopher sold 11,000 shares, netting a total of over 1,540,000 in proceeds. Following the sale of shares at $140.00 each, the insider now holds 4,836 shares.
Before that, COHN JOHN D had sold 1,500 shares from its account. In a trade valued at $208,291, the Director traded Woodward Inc shares for $138.86 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $3.41 million.
As published in a research note from Alembic Global Advisors on February 01, 2024, Woodward Inc [WWD] has been rated down from an Overweight to a Neutral and the price target has been revised to $148. Analysts at Goldman upgraded the stock from ‘”a Sell”‘ to ‘”a Buy”‘ outlook in a report released in early January. As of October 11, 2023, UBS has initiated its “Buy” rating for WWD. Earlier on September 28, 2023, Deutsche Bank initiated its rating. Their recommendation was “a Buy” for WWD stock.
Analyzing WWD Stock Performance
During the last five days, there has been a surge of approximately 10.86%. Over the course of the year, Woodward Inc shares have jumped approximately 21.84%. Shares of the company reached a 52-week high of $169.99 on 04/30/24 and a 52-week low of $131.12 on 01/04/24. A 50-day SMA is recorded $148.74, while a 200-day SMA reached $134.99. Nevertheless, trading volume fell to 0.78 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for Woodward Inc (WWD)
According to the 24-hour chart, there is a support level at 161.75, which, if violated, would cause prices to drop to 157.64. In the upper region, resistance lies at 169.37. The next price resistance is at 172.88. RSI (Relative Strength Index) is 75.54 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 9.04, which suggests the price will increase in the coming days. Percent R is at 16.17%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
