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A company insider recently sold 5,000 shares of Powell Industries, Inc. [POWL]. Should You also Consider to Sale?

In a filing, Powell Industries, Inc. revealed its Director CURTIS KATHERYN BAUCOM unloaded Company’s shares for reported $0.83 million on May 06 ’24. In the deal valued at $165.79 per share,5,000 shares were sold. As a result of this transaction, CURTIS KATHERYN BAUCOM now holds 5,260 shares worth roughly $0.84 million.

Then, POWELL THOMAS W sold 3,884 shares, generating $728,282 in total proceeds. Upon selling the shares at $187.51, the 10% Owner now owns 707,265 shares.

Before that, POWELL THOMAS W sold 500 shares. Powell Industries, Inc. shares valued at $89,251 were divested by the 10% Owner at a price of $178.50 per share. As a result of the transaction, POWELL THOMAS W now holds 4,000 shares, worth roughly $0.64 million.

Sidoti downgraded its Powell Industries, Inc. [POWL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Sidoti also remained covering POWL and has decreased its forecast on August 11, 2020 with a “Neutral” recommendation from previously “Buy” rating. Sidoti revised its rating on March 19, 2020. It rated POWL as “a Buy” which previously was an “a Neutral”.

Price Performance Review of POWL

On Tuesday, Powell Industries, Inc. [NASDAQ:POWL] saw its stock fall -0.83% to $159.09. Over the last five days, the stock has gained 0.84%. Powell Industries, Inc. shares have risen nearly 79.97% since the year began. Nevertheless, the stocks have risen 195.43% over the past one year. While a 52-week high of $197.87 was reached on 03/04/24, a 52-week low of $54.55 was recorded on 01/26/24. SMA at 50 days reached $146.66, while 200 days put it at $106.16. A total of 0.24 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For POWL Stock

The 24-hour chart illustrates a support level at 155.47, which if violated will result in even more drops to 151.85. On the upside, there is a resistance level at 163.58. A further resistance level may holdings at 168.07. The Relative Strength Index (RSI) on the 14-day chart is 56.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.80, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 56.47%. Stochastics %K at 52.40% indicates the stock is a holding.

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