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CW (Curtiss-Wright Corp.) may reap gains as insiders became active recently

Curtiss-Wright Corp.’s recent filing unveils that its Vice President and COO Rayment Kevin unloaded Company’s shares for reported $2.37 million on Jun 03 ’24. In the deal valued at $281.67 per share,8,415 shares were sold. As a result of this transaction, Rayment Kevin now holds 19,914 shares worth roughly $5.4 million.

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Then, FULLER S MARCE sold 5,300 shares, generating $1,490,360 in total proceeds. Upon selling the shares at $281.20, the Director now owns 20,470 shares.

Before that, FULLER S MARCE sold 5,300 shares. Curtiss-Wright Corp. shares valued at $1,489,512 were divested by the Director at a price of $281.04 per share. As a result of the transaction, FULLER S MARCE now holds 25,770 shares, worth roughly $6.98 million.

Truist downgraded its Curtiss-Wright Corp. [CW] rating to a Hold from a a Buy in a research note published on March 25, 2024; the price target was decreased to $240 from $250. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in early August from “an Equal-weight” to “an Overweight”. Morgan Stanley revised its rating on December 12, 2022. It rated CW as “an Equal-weight” which previously was an “an Overweight”.

Price Performance Review of CW

On Friday, Curtiss-Wright Corp. [NYSE:CW] saw its stock fall -0.80% to $270.98. Over the last five days, the stock has lost -1.47%. Curtiss-Wright Corp. shares have risen nearly 21.63% since the year began. Nevertheless, the stocks have risen 52.30% over the past one year. While a 52-week high of $286.65 was reached on 06/03/24, a 52-week low of $176.39 was recorded on 01/09/24. SMA at 50 days reached $270.80, while 200 days put it at $234.01. A total of 0.58 million shares were traded, compared to the trading of 0.2 million shares in the previous session.

Levels Of Support And Resistance For CW Stock

The 24-hour chart illustrates a support level at 268.16, which if violated will result in even more drops to 265.34. On the upside, there is a resistance level at 275.59. A further resistance level may holdings at 280.20. The Relative Strength Index (RSI) on the 14-day chart is 46.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.64%. Stochastics%K at 51.96% indicates the stock is a holding.

The most recent change occurred on October 11, 2022 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $170 price target.

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