In a filing, Curtiss-Wright Corp. revealed its Vice President and Corp. Sec. Ferdenzi Paul J unloaded Company’s shares for reported $0.62 million on Mar 22 ’24. In the deal valued at $250.00 per share,2,500 shares were sold. As a result of this transaction, Ferdenzi Paul J now holds 15,942 shares worth roughly $4.41 million.
Then, Farkas K Christopher sold 880 shares, generating $214,896 in total proceeds. Upon selling the shares at $244.20, the Vice President and CFO now owns 9,172 shares.
Before that, Bamford Lynn M sold 2,620 shares. Curtiss-Wright Corp. shares valued at $638,232 were divested by the Chair and CEO at a price of $243.60 per share. As a result of the transaction, Bamford Lynn M now holds 35,773 shares, worth roughly $9.89 million.
Truist downgraded its Curtiss-Wright Corp. [CW] rating to a Hold from a a Buy in a research note published on March 25, 2024; the price target was decreased to $240 from $250. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early August from “an Equal-weight” to “an Overweight”. Morgan Stanley revised its rating on December 12, 2022. It rated CW as “an Equal-weight” which previously was an “an Overweight”.
Price Performance Review of CW
On Tuesday, Curtiss-Wright Corp. [NYSE:CW] saw its stock jump 1.06% to $276.59. Over the last five days, the stock has gained 9.14%. Curtiss-Wright Corp. shares have risen nearly 24.15% since the year began. Nevertheless, the stocks have risen 69.22% over the past one year. While a 52-week high of $279.79 was reached on 05/06/24, a 52-week low of $157.85 was recorded on 01/09/24. SMA at 50 days reached $250.09, while 200 days put it at $220.69. A total of 0.28 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For CW Stock
The 24-hour chart illustrates a support level at 274.14, which if violated will result in even more drops to 271.70. On the upside, there is a resistance level at 278.58. A further resistance level may holdings at 280.58. The Relative Strength Index (RSI) on the 14-day chart is 79.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 14.82, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.07%. Stochastics %K at 89.02% indicates the stock is a selling.
The most recent change occurred on October 11, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $170 price target.
