Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hexcel Corp. shares valued at $27,332 were purchased by Suever Catherine A on May 03 ’24. At $68.33 per share, Suever Catherine A acquired 400 shares. The insider’s holdings grew to 15,748 shares worth approximately $1.04 million following the completion of this transaction.
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Also, Gentile Tom purchased 15,000 shares, netting a total of over 993,763 in proceeds. Following the buying of shares at $66.25 each, the insider now holds 15,000 shares.
Before that, HACHEY GUY C had added 3,000 shares to its account. In a trade valued at $193,590, the Director bought Hexcel Corp. shares for $64.53 each. Upon closing the transaction, the insider’s holdings increased to 3,000 shares, worth approximately $0.2 million.
As published in a research note from Wells Fargo on May 08, 2024, Hexcel Corp. [HXL] has been rated up from an Equal weight to an Overweight and the price target has been revised to $95 from $81. Analysts at Northcoast downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of April 10, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for HXL. Earlier on February 22, 2024, Morgan Stanley downgraded its rating. Their new recommendation was “an Underweight” for HXL stock which previously was a “an Equal-weight”.
Analyzing HXL Stock Performance
During the last five days, there has been a surge of approximately 7.68%. Over the course of the year, Hexcel Corp. shares have dropped approximately -10.22%. Shares of the company reached a 52-week high of $77.09 on 03/07/24 and a 52-week low of $60.85 on 04/16/24. A 50-day SMA is recorded $65.64, while a 200-day SMA reached $68.46. Nevertheless, trading volume fell to 0.68 million shares from 0.79 million shares the previous day.
Support And Resistance Levels for Hexcel Corp. (HXL)
According to the 24-hour chart, there is a support level at 65.22, which, if violated, would cause prices to drop to 64.23. In the upper region, resistance lies at 67.26. The next price resistance is at 68.31. RSI (Relative Strength Index) is 54.71 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.66, which suggests the price will decrease in the coming days. Percent R is at 40.91%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
