Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Crown Holdings, Inc. shares valued at $1,916,550 were sold by DONAHUE TIMOTHY J on Apr 30 ’24. At $85.18 per share, DONAHUE TIMOTHY J sold 22,500 shares. The insider’s holdings dropped to 616,178 shares worth approximately $51.62 million following the completion of this transaction.
Also, DONAHUE TIMOTHY J sold 7,500 shares, netting a total of over 682,200 in proceeds. Following the sale of shares at $90.96 each, the insider now holds 651,264 shares.
Before that, DONAHUE TIMOTHY J had sold 7,500 shares from its account. In a trade valued at $663,675, the President & CEO traded Crown Holdings, Inc. shares for $88.49 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $48.57 million.
As published in a research note from Robert W. Baird on April 16, 2024, Crown Holdings, Inc. [CCK] has been rated up from a Neutral to an Outperform and the price target has been revised to $90 from $85. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late March. As of March 18, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for CCK. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for CCK stock.
Analyzing CCK Stock Performance
During the last five days, there has been a surge of approximately 1.71%. Over the course of the year, Crown Holdings, Inc. shares have dropped approximately -9.02%. Shares of the company reached a 52-week high of $92.61 on 01/02/24 and a 52-week low of $69.61 on 02/06/24. A 50-day SMA is recorded $78.71, while a 200-day SMA reached $84.35. Nevertheless, trading volume fell to 0.64 million shares from 1.34 million shares the previous day.
Support And Resistance Levels for Crown Holdings, Inc. (CCK)
According to the 24-hour chart, there is a support level at 83.46, which, if violated, would cause prices to drop to 83.13. In the upper region, resistance lies at 84.36. The next price resistance is at 84.94. RSI (Relative Strength Index) is 67.67 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.23, which suggests the price will increase in the coming days. Percent R is at 22.01%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
