In a filing, Woodward Inc revealed its EVP and COO Cromwell Thomas G unloaded Company’s shares for reported $0.34 million on May 10 ’24. In the deal valued at $179.50 per share,1,899 shares were sold. As a result of this transaction, Cromwell Thomas G now holds 11,833 shares worth roughly $2.16 million.
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Then, Cromwell Thomas G sold 3,260 shares, generating $585,424 in total proceeds. Upon selling the shares at $179.58, the EVP and COO now owns 11,833 shares.
Before that, SENGSTACK GREGG C sold 6,000 shares. Woodward Inc shares valued at $1,002,060 were divested by the Director at a price of $167.01 per share. As a result of the transaction, SENGSTACK GREGG C now holds 17,450 shares, worth roughly $3.18 million.
Alembic Global Advisors downgraded its Woodward Inc [WWD] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early January from “a Sell” to “a Buy”. UBS began covering WWD with “Buy” recommendation on October 11, 2023. Deutsche Bank started covering the stock on September 28, 2023. It rated WWD as “a Buy”.
Price Performance Review of WWD
On Tuesday, Woodward Inc [NASDAQ:WWD] saw its stock jump 0.58% to $182.49. Over the last five days, the stock has gained 2.97%. Woodward Inc shares have risen nearly 34.06% since the year began. Nevertheless, the stocks have risen 66.57% over the past one year. While a 52-week high of $181.58 was reached on 05/21/24, a 52-week low of $105.18 was recorded on 01/04/24. SMA at 50 days reached $158.29, while 200 days put it at $138.80. A total of 0.45 million shares were traded, compared to the trading of 0.38 million shares in the previous session.
Levels Of Support And Resistance For WWD Stock
The 24-hour chart illustrates a support level at 180.80, which if violated will result in even more drops to 179.12. On the upside, there is a resistance level at 183.44. A further resistance level may holdings at 184.40. The Relative Strength Index (RSI) on the 14-day chart is 81.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.24%. Stochastics %K at 97.94% indicates the stock is a selling.
