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Recent Insider Activity Could Benefit BWX Technologies Inc (BWXT)

BWX Technologies Inc’s filing revealed that its Director Burbach Gerhard F unloaded Company’s shares for reported $0.11 million on Mar 06 ’24. In the deal valued at $105.42 per share,1,000 shares were sold. As a result of this transaction, Burbach Gerhard F now holds 391 shares worth roughly $34802.91.

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Then, NARDELLI ROBERT L bought 2,000 shares, generating $142,460 in total proceeds. Upon buying the shares at $71.23, the Director now owns 2,000 shares.

Before that, Burbach Gerhard F sold 1,000 shares. BWX Technologies Inc shares valued at $74,070 were divested by the Director at a price of $74.07 per share. As a result of the transaction, Burbach Gerhard F now holds 1,391 shares, worth roughly $0.12 million.

Truist downgraded its BWX Technologies Inc [BWXT] rating to a Hold from a a Buy in a research note published on March 25, 2024; the price target was decreased to $95 from $110. A number of analysts have revised their coverage, including Alembic Global Advisors’s analysts, who decreased its forecast for the stock in early November from “an Overweight” to “a Neutral”. Deutsche Bank began covering BWXT with “Buy” recommendation on September 28, 2023. Robert W. Baird revised its rating on August 04, 2023. It rated BWXT as “an Outperform” which previously was an “a Neutral”.

Price Performance Review of BWXT

On Friday, BWX Technologies Inc [NYSE:BWXT] saw its stock jump 1.52% to $89.01. Over the last five days, the stock has gained 0.68%. BWX Technologies Inc shares have risen nearly 16.00% since the year began. Nevertheless, the stocks have risen 38.09% over the past one year. While a 52-week high of $107.18 was reached on 03/05/24, a 52-week low of $60.17 was recorded on 01/08/24. SMA at 50 days reached $95.19, while 200 days put it at $83.48. A total of 0.55 million shares were traded, compared to the trading of 0.5 million shares in the previous session.

Levels Of Support And Resistance For BWXT Stock

The 24-hour chart illustrates a support level at 88.14, which if violated will result in even more drops to 87.27. On the upside, there is a resistance level at 89.64. A further resistance level may holdings at 90.26. The Relative Strength Index (RSI) on the 14-day chart is 42.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.01%. Stochastics %K at 17.08% indicates the stock is a buying.

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