In a filing, Woodward Inc revealed its Director SENGSTACK GREGG C unloaded Company’s shares for reported $1.0 million on May 02 ’24. In the deal valued at $167.01 per share,6,000 shares were sold. As a result of this transaction, SENGSTACK GREGG C now holds 17,450 shares worth roughly $3.02 million.
Then, COHN JOHN D sold 2,400 shares, generating $401,928 in total proceeds. Upon selling the shares at $167.47, the Director now owns 20,531 shares.
Before that, Cromwell Thomas G sold 38,700 shares. Woodward Inc shares valued at $5,494,750 were divested by the EVP and COO at a price of $141.98 per share. As a result of the transaction, Cromwell Thomas G now holds 11,833 shares, worth roughly $2.05 million.
Alembic Global Advisors downgraded its Woodward Inc [WWD] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early January from “a Sell” to “a Buy”. UBS began covering WWD with “Buy” recommendation on October 11, 2023. Deutsche Bank started covering the stock on September 28, 2023. It rated WWD as “a Buy”.
Price Performance Review of WWD
On Monday, Woodward Inc [NASDAQ:WWD] saw its stock jump 2.56% to $173.15. Over the last five days, the stock has gained 14.62%. Woodward Inc shares have risen nearly 27.19% since the year began. Nevertheless, the stocks have risen 62.17% over the past one year. While a 52-week high of $169.99 was reached on 05/06/24, a 52-week low of $105.18 was recorded on 01/04/24. SMA at 50 days reached $150.61, while 200 days put it at $135.72. A total of 1.05 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For WWD Stock
The 24-hour chart illustrates a support level at 170.38, which if violated will result in even more drops to 167.61. On the upside, there is a resistance level at 174.96. A further resistance level may holdings at 176.76. The Relative Strength Index (RSI) on the 14-day chart is 80.97, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.00%. Stochastics %K at 94.88% indicates the stock is a selling.
