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Ashland Inc (ASH) receives an Overweight rating from Wells Fargo

In a filing, Ashland Inc revealed its SVP, Gen Counsel and Secrty. LAMPKIN ROBIN E. unloaded Company’s shares for reported $78104.0 on Feb 16 ’24. In the deal valued at $92.54 per share,844 shares were sold. As a result of this transaction, LAMPKIN ROBIN E. now holds 2,883 shares worth roughly $0.27 million.

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Then, BONI ERIC N sold 843 shares, generating $69,446 in total proceeds. Upon selling the shares at $82.38, the Principal Accounting Officer now owns 13,072 shares.

Before that, WILLIS J KEVIN sold 7,866 shares. Ashland Inc shares valued at $680,724 were divested by the Sr.VP &Chief Financial Officer at a price of $86.54 per share. As a result of the transaction, WILLIS J KEVIN now holds 11,583 shares, worth roughly $1.07 million.

Wells Fargo upgraded its Ashland Inc [ASH] rating to an Overweight from a an Equal weight in a research note published on April 11, 2024; the price target was increased to $112 from $100. A number of analysts have revised their coverage, including Jefferies’s analysts, who increased its forecast for the stock in mid March from “a Hold” to “a Buy”. Wolfe Research began covering ASH with “an Outperform” recommendation on March 01, 2024. Evercore ISI revised its rating on June 29, 2023. It rated ASH as “an In-line” which previously was an “an Outperform”.

Price Performance Review of ASH

On Tuesday, Ashland Inc [NYSE:ASH] saw its stock jump 0.23% to $92.28. Over the last five days, the stock has lost -3.10%. Ashland Inc shares have risen nearly 9.45% since the year began. Nevertheless, the stocks have risen 6.18% over the past one year. While a 52-week high of $102.50 was reached on 06/12/24, a 52-week low of $70.82 was recorded on 01/19/24. SMA at 50 days reached $97.49, while 200 days put it at $88.37. A total of 0.34 million shares were traded, compared to the trading of 0.45 million shares in the previous session.

Levels Of Support And Resistance For ASH Stock

The 24-hour chart illustrates a support level at 91.43, which if violated will result in even more drops to 90.58. On the upside, there is a resistance level at 92.79. A further resistance level may holdings at 93.30. The Relative Strength Index (RSI) on the 14-day chart is 32.81, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.57%. Stochastics%K at 8.50% indicates the stock is a buying.

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