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The Potential Rise in the Price of Honeywell International Inc (HON) following insiders activity

In a filing, Honeywell International Inc revealed its Director Adamczyk Darius unloaded Company’s shares for reported $5.81 million on May 15 ’24. In the deal valued at $203.96 per share,28,500 shares were sold. As a result of this transaction, Adamczyk Darius now holds 203,510 shares worth roughly $42.44 million.

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Then, Lewis Gregory P sold 25,209 shares, generating $4,866,850 in total proceeds. Upon selling the shares at $193.06, the SrVP & Chief Financial Officer now owns 55,471 shares.

Before that, Adamczyk Darius sold 25,500 shares. Honeywell International Inc shares valued at $5,028,345 were divested by the Director at a price of $197.19 per share. As a result of the transaction, Adamczyk Darius now holds 183,400 shares, worth roughly $38.24 million.

Deutsche Bank downgraded its Honeywell International Inc [HON] rating to a Hold from a a Buy in a research note published on April 16, 2024; the price target was decreased to $215 from $227. A number of analysts have revised their coverage, including Berenberg’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. UBS also remained covering HON and has decreased its forecast on January 04, 2023 with a “Sell” recommendation from previously “Buy” rating. Daiwa Securities revised its rating on October 31, 2022. It rated HON as “a Neutral” which previously was an “an Outperform”.

Price Performance Review of HON

On Friday, Honeywell International Inc [NASDAQ:HON] saw its stock fall -0.05% to $208.53. Over the last five days, the stock has lost -0.12%. Honeywell International Inc shares have fallen nearly -0.56% since the year began. Nevertheless, the stocks have risen 3.99% over the past one year. While a 52-week high of $211.63 was reached on 06/12/24, a 52-week low of $174.88 was recorded on 02/01/24. SMA at 50 days reached $199.93, while 200 days put it at $195.96. A total of 2.18 million shares were traded, compared to the trading of 1.96 million shares in the previous session.

Levels Of Support And Resistance For HON Stock

The 24-hour chart illustrates a support level at 206.80, which if violated will result in even more drops to 205.07. On the upside, there is a resistance level at 209.47. A further resistance level may holdings at 210.41. The Relative Strength Index (RSI) on the 14-day chart is 61.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.74, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.03%. Stochastics %K at 79.13% indicates the stock is a holding.

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