Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ITT Inc shares valued at $283,606 were sold by Flynn Ryan F. on Dec 08 ’23. At $113.44 per share, Flynn Ryan F. sold 2,500 shares. The insider’s holdings dropped to 14,047 shares worth approximately $1.92 million following the completion of this transaction.
Also, DEFOSSET DON sold 9,996 shares, netting a total of over 1,012,151 in proceeds. Following the sale of shares at $101.25 each, the insider now holds 20,694 shares.
Before that, Lembesis Maurine C. had sold 4,000 shares from its account. In a trade valued at $405,744, the SVP, Chief HR Officer traded ITT Inc shares for $101.44 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $2.34 million.
As published in a research note from BofA Securities on November 16, 2023, ITT Inc [ITT] has been rated up from a Neutral to a Buy and the price target has been revised to $125 from $105. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in mid July. As of April 08, 2022, UBS has increased its “Neutral” rating to a “Buy” for ITT. Earlier on March 28, 2022, Oppenheimer downgraded its rating. Their new recommendation was “a Perform” for ITT stock which previously was a “an Outperform”.
Analyzing ITT Stock Performance
During the last five days, there has been a surge of approximately 5.50%. Over the course of the year, ITT Inc shares have jumped approximately 14.31%. Shares of the company reached a 52-week high of $138.29 on 03/26/24 and a 52-week low of $113.70 on 01/03/24. A 50-day SMA is recorded $129.75, while a 200-day SMA reached $112.84. Nevertheless, trading volume fell to 0.72 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for ITT Inc (ITT)
According to the 24-hour chart, there is a support level at 134.06, which, if violated, would cause prices to drop to 131.74. In the upper region, resistance lies at 137.59. The next price resistance is at 138.79. RSI (Relative Strength Index) is 62.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.25, which suggests the price will increase in the coming days. Percent R is at 0.49%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
