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Warrior Met Coal Inc (HCC) receives a Buy rating from Citigroup

Warrior Met Coal Inc’s recent filing unveils that its Director SCHUMACHER ALAN H acquired Company’s shares for reported $0.12 million on Feb 23 ’24. In the deal valued at $58.15 per share,2,000 shares were bought. As a result of this transaction, SCHUMACHER ALAN H now holds 30,270 shares worth roughly $2.01 million.

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Then, Williams Stephen D. sold 80,000 shares, generating $3,648,000 in total proceeds. Upon selling the shares at $45.60, the Director now owns 21,393 shares.

Before that, Chopin Brian M sold 2,816 shares. Warrior Met Coal Inc shares valued at $126,720 were divested by the Chief Accounting Officer at a price of $45.00 per share. As a result of the transaction, Chopin Brian M now holds 11,187 shares, worth roughly $0.74 million.

Citigroup upgraded its Warrior Met Coal Inc [HCC] rating to a Buy from a a Neutral in a research note published on April 11, 2024; the price target was increased to $75 from $60. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. B. Riley Securities also remained covering HCC and has increased its forecast on September 23, 2022 with a “Buy” recommendation from previously “Neutral” rating. BMO Capital Markets revised its rating on August 04, 2022. It rated HCC as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of HCC

On Tuesday, Warrior Met Coal Inc [NYSE:HCC] saw its stock jump 1.10% to $66.27. Over the last five days, the stock has gained 4.77%. Warrior Met Coal Inc shares have risen nearly 9.65% since the year began. Nevertheless, the stocks have risen 91.23% over the past one year. While a 52-week high of $71.91 was reached on 04/29/24, a 52-week low of $31.69 was recorded on 03/15/24. SMA at 50 days reached $62.27, while 200 days put it at $55.34. A total of 0.38 million shares were traded, compared to the trading of 0.3 million shares in the previous session.

Levels Of Support And Resistance For HCC Stock

The 24-hour chart illustrates a support level at 65.66, which if violated will result in even more drops to 65.05. On the upside, there is a resistance level at 66.91. A further resistance level may holdings at 67.55. The Relative Strength Index (RSI) on the 14-day chart is 55.73, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.79%. Stochastics %K at 38.01% indicates the stock is a holding.

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