Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Howmet Aerospace Inc shares valued at $2,748,124 were sold by Marchuk Neil Edward on Jun 03 ’24. At $84.26 per share, Marchuk Neil Edward sold 32,614 shares. The insider’s holdings dropped to 217,687 shares worth approximately $20.83 million following the completion of this transaction.
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Also, Marchuk Neil Edward sold 45,000 shares, netting a total of over 3,034,872 in proceeds. Following the sale of shares at $67.44 each, the insider now holds 229,568 shares.
Before that, Marchuk Neil Edward had sold 80,000 shares from its account. In a trade valued at $4,004,464, the EVP, HR traded Howmet Aerospace Inc shares for $50.06 each. Upon closing the transaction, the insider’s holdings decreased to 80,000 shares, worth approximately $25.01 million.
As published in their initiating research note from BTIG Research on June 26, 2024, Howmet Aerospace Inc [HWM] has been a Buy and the price target has been revised to $95. Analysts at RBC Capital Mkts started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid March. As of January 10, 2024, Truist has increased its “Hold” rating to a “Buy” for HWM. Earlier on January 05, 2024, Bernstein initiated its rating. Their recommendation was “an Outperform” for HWM stock.
Analyzing HWM Stock Performance
During the last five days, there has been a surge of approximately 20.24%. Over the course of the year, Howmet Aerospace Inc shares have jumped approximately 76.83%. Shares of the company reached a 52-week high of $96.93 on 07/31/24 and a 52-week low of $52.56 on 01/04/24. A 50-day SMA is recorded $81.78, while a 200-day SMA reached $64.96. Nevertheless, trading volume fell to 4.05 million shares from 7.83 million shares the previous day.
Support And Resistance Levels for Howmet Aerospace Inc (HWM)
According to the 24-hour chart, there is a support level at 93.26, which, if violated, would cause prices to drop to 90.83. In the upper region, resistance lies at 97.53. The next price resistance is at 99.37. RSI (Relative Strength Index) is 76.29 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 8.37, which suggests the price will increase in the coming days. Percent R is at 6.24%, indicating bullish price movement. Stochastics%K at selling indicates that the stock is to be held.
