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UBS initates GrafTech International Ltd. (EAF) stock to a Neutral

GrafTech International Ltd.’s recently made public that its 10% Owner Colonial House Capital Ltd acquired Company’s shares for reported $0.2 million on May 09 ’24. In the deal valued at $1.77 per share,114,178 shares were bought. As a result of this transaction, Colonial House Capital Ltd now holds 30,525,291 shares worth roughly $52.5 million.

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Then, Colonial House Capital Ltd bought 163,250 shares, generating $295,434 in total proceeds. Upon buying the shares at $1.81, the 10% Owner now owns 30,411,113 shares.

Before that, Colonial House Capital Ltd bought 533,009 shares. GrafTech International Ltd. shares valued at $944,599 were divested by the 10% Owner at a price of $1.77 per share. As a result of the transaction, Colonial House Capital Ltd now holds 30,247,863 shares, worth roughly $52.03 million.

UBS initiated its GrafTech International Ltd. [EAF] rating to a Neutral in a research note published on January 16, 2024; the price target was $2. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Sector perform”. Citigroup also remained covering EAF and has decreased its forecast on June 07, 2022 with a “Neutral” recommendation from previously “Buy” rating.

Price Performance Review of EAF

On Friday, GrafTech International Ltd. [NYSE:EAF] saw its stock fall -2.82% to $1.72. Over the last five days, the stock has lost -4.97%. GrafTech International Ltd. shares have fallen nearly -21.46% since the year began. Nevertheless, the stocks have fallen -58.85% over the past one year. While a 52-week high of $5.32 was reached on 01/02/24, a 52-week low of $1.18 was recorded on 02/05/24. SMA at 50 days reached $1.6190, while 200 days put it at $2.5186. A total of 1.52 million shares were traded, compared to the trading of 1.8 million shares in the previous session.

Levels Of Support And Resistance For EAF Stock

The 24-hour chart illustrates a support level at 1.6770, which if violated will result in even more drops to 1.6339. On the upside, there is a resistance level at 1.7761. A further resistance level may holdings at 1.8321. The Relative Strength Index (RSI) on the 14-day chart is 54.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0371, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.08%. Stochastics %K at 61.92% indicates the stock is a holding.

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