GrafTech International Ltd.’s recently made public that its 10% Owner Colonial House Capital Ltd acquired Company’s shares for reported $0.27 million on Apr 26 ’24. In the deal valued at $1.48 per share,179,279 shares were bought. As a result of this transaction, Colonial House Capital Ltd now holds 29,714,854 shares worth roughly $53.78 million.
Then, Colonial House Capital Ltd bought 2,303,599 shares, generating $4,100,867 in total proceeds. Upon buying the shares at $1.78, the 10% Owner now owns 29,535,575 shares.
Before that, BCP GP Ltd sold 3,922,786 shares. GrafTech International Ltd. shares valued at $8,630,129 were divested by the Former 10% Owner at a price of $2.20 per share. As a result of the transaction, BCP GP Ltd now holds 23,352,826 shares, worth roughly $42.27 million.
UBS initiated its GrafTech International Ltd. [EAF] rating to a Neutral in a research note published on January 16, 2024; the price target was $2. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Sector perform”. Citigroup also remained covering EAF and has decreased its forecast on June 07, 2022 with a “Neutral” recommendation from previously “Buy” rating.
Price Performance Review of EAF
On Friday, GrafTech International Ltd. [NYSE:EAF] saw its stock jump 2.26% to $1.81. Over the last five days, the stock has gained 14.56%. GrafTech International Ltd. shares have fallen nearly -17.35% since the year began. Nevertheless, the stocks have fallen -55.53% over the past one year. While a 52-week high of $5.32 was reached on 01/02/24, a 52-week low of $1.18 was recorded on 02/05/24. SMA at 50 days reached $1.5938, while 200 days put it at $2.5975. A total of 1.92 million shares were traded, compared to the trading of 4.18 million shares in the previous session.
Levels Of Support And Resistance For EAF Stock
The 24-hour chart illustrates a support level at 1.7400, which if violated will result in even more drops to 1.6700. On the upside, there is a resistance level at 1.8700. A further resistance level may holdings at 1.9300. The Relative Strength Index (RSI) on the 14-day chart is 61.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1286, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 17.43%. Stochastics %K at 69.50% indicates the stock is a holding.
