Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Warrior Met Coal Inc shares valued at $116,300 were purchased by SCHUMACHER ALAN H on Feb 23 ’24. At $58.15 per share, SCHUMACHER ALAN H acquired 2,000 shares. The insider’s holdings grew to 30,270 shares worth approximately $2.0 million following the completion of this transaction.
Also, Williams Stephen D. sold 80,000 shares, netting a total of over 3,648,000 in proceeds. Following the sale of shares at $45.60 each, the insider now holds 21,393 shares.
Before that, Chopin Brian M had sold 2,816 shares from its account. In a trade valued at $126,720, the Chief Accounting Officer traded Warrior Met Coal Inc shares for $45.00 each. Upon closing the transaction, the insider’s holdings decreased to 2,816 shares, worth approximately $0.74 million.
As published in a research note from Citigroup on April 11, 2024, Warrior Met Coal Inc [HCC] has been rated up from a Neutral to a Buy and the price target has been revised to $75 from $60. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of September 23, 2022, B. Riley Securities has increased its “Neutral” rating to a “Buy” for HCC. Earlier on August 04, 2022, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for HCC stock which previously was a “an Outperform”.
Analyzing HCC Stock Performance
During the last five days, there has been a surge of approximately 0.67%. Over the course of the year, Warrior Met Coal Inc shares have jumped approximately 9.09%. Shares of the company reached a 52-week high of $71.91 on 04/29/24 and a 52-week low of $52.00 on 03/15/24. A 50-day SMA is recorded $61.41, while a 200-day SMA reached $54.46. Nevertheless, trading volume fell to 0.53 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Warrior Met Coal Inc (HCC)
According to the 24-hour chart, there is a support level at 64.48, which, if violated, would cause prices to drop to 63.02. In the upper region, resistance lies at 67.03. The next price resistance is at 68.12. RSI (Relative Strength Index) is 53.13 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.46, which suggests the price will decrease in the coming days. Percent R is at 76.28%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
