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Understanding the Risks of Investing in Howmet Aerospace Inc (HWM)

Howmet Aerospace Inc’s recently made public that its EVP, HR Marchuk Neil Edward unloaded Company’s shares for reported $2.75 million on Jun 03 ’24. In the deal valued at $84.26 per share,32,614 shares were sold. As a result of this transaction, Marchuk Neil Edward now holds 217,687 shares worth roughly $18.21 million.

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Then, Marchuk Neil Edward sold 45,000 shares, generating $3,034,872 in total proceeds. Upon selling the shares at $67.44, the EVP, HR now owns 229,568 shares.

Before that, Marchuk Neil Edward sold 80,000 shares. Howmet Aerospace Inc shares valued at $4,004,464 were divested by the EVP, HR at a price of $50.06 per share. As a result of the transaction, Marchuk Neil Edward now holds 261,291 shares, worth roughly $21.86 million.

RBC Capital Mkts initiated its Howmet Aerospace Inc [HWM] rating to an Outperform in a research note published on March 18, 2024; the price target was $75. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in early January from “a Hold” to “a Buy”. Bernstein began covering HWM with “an Outperform” recommendation on January 05, 2024. UBS started covering the stock on October 11, 2023. It rated HWM as “a Neutral”.

Price Performance Review of HWM

On Monday, Howmet Aerospace Inc [NYSE:HWM] saw its stock fall -0.16% to $83.65. Over the last five days, the stock has lost -1.16%. Howmet Aerospace Inc shares have risen nearly 54.56% since the year began. Nevertheless, the stocks have risen 80.47% over the past one year. While a 52-week high of $85.52 was reached on 05/28/24, a 52-week low of $42.94 was recorded on 01/04/24. SMA at 50 days reached $74.58, while 200 days put it at $59.06. A total of 2.03 million shares were traded, compared to the trading of 1.73 million shares in the previous session.

Levels Of Support And Resistance For HWM Stock

The 24-hour chart illustrates a support level at 83.17, which if violated will result in even more drops to 82.70. On the upside, there is a resistance level at 84.26. A further resistance level may holdings at 84.88. The Relative Strength Index (RSI) on the 14-day chart is 60.22, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.65%. Stochastics %K at 41.87% indicates the stock is a holding.

The most recent change occurred on October 05, 2023 when Northcoast began covering the stock and recommended ‘”a Neutral”‘ rating.

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