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Hexcel Corp. [HXL] Investment Guide: What You Need to Know

Hexcel Corp.’s filing revealed that its Director Suever Catherine A acquired Company’s shares for reported $27332.0 on May 03 ’24. In the deal valued at $68.33 per share,400 shares were bought. As a result of this transaction, Suever Catherine A now holds 15,748 shares worth roughly $1.13 million.

Then, Gentile Tom bought 15,000 shares, generating $993,763 in total proceeds. Upon buying the shares at $66.25, the CEO and President now owns 15,000 shares.

Before that, HACHEY GUY C bought 3,000 shares. Hexcel Corp. shares valued at $193,590 were divested by the Director at a price of $64.53 per share. As a result of the transaction, HACHEY GUY C now holds 3,000 shares, worth roughly $0.21 million.

Wells Fargo upgraded its Hexcel Corp. [HXL] rating to an Overweight from a an Equal weight in a research note published on May 08, 2024; the price target was increased to $95 from $81. A number of analysts have revised their coverage, including Northcoast’s analysts, who decreased its forecast for the stock in early April from “a Buy” to “a Neutral”. BofA Securities also remained covering HXL and has decreased its forecast on April 10, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Morgan Stanley revised its rating on February 22, 2024. It rated HXL as “an Underweight” which previously was an “an Equal-weight”.

Price Performance Review of HXL

On Monday, Hexcel Corp. [NYSE:HXL] saw its stock fall -0.69% to $71.53. Over the last five days, the stock has gained 1.61%. Hexcel Corp. shares have fallen nearly -3.01% since the year began. Nevertheless, the stocks have risen 0.17% over the past one year. While a 52-week high of $79.08 was reached on 03/07/24, a 52-week low of $58.81 was recorded on 04/16/24. SMA at 50 days reached $69.43, while 200 days put it at $69.23. A total of 0.74 million shares were traded, compared to the trading of 1.04 million shares in the previous session.

Levels Of Support And Resistance For HXL Stock

The 24-hour chart illustrates a support level at 71.04, which if violated will result in even more drops to 70.56. On the upside, there is a resistance level at 72.48. A further resistance level may holdings at 73.44. The Relative Strength Index (RSI) on the 14-day chart is 61.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.09, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 17.58%. Stochastics %K at 89.32% indicates the stock is a selling.

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