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A Guide To The Risks Of Investing In American Woodmark Corp. (AMWD)

American Woodmark Corp.’s recent filing unveils that its Director Fracassa Philip D. acquired Company’s shares for reported $51998.0 on May 30 ’24. In the deal valued at $86.66 per share,600 shares were bought. As a result of this transaction, Fracassa Philip D. now holds 600 shares worth roughly $56544.0.

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Then, Cogan Andrew B sold 1,152 shares, generating $105,489 in total proceeds. Upon selling the shares at $91.57, the Director now owns 12,240 shares.

Before that, Tang Vance W sold 3,000 shares. American Woodmark Corp. shares valued at $255,600 were divested by the Director at a price of $85.20 per share. As a result of the transaction, Tang Vance W now holds 58,714 shares, worth roughly $5.53 million.

Wolfe Research upgraded its American Woodmark Corp. [AMWD] rating to an Outperform from a a Peer perform in a research note published recently. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in late February from “a Neutral” to “an Outperform”. Deutsche Bank also remained covering AMWD and has increased its forecast on December 08, 2023 with a “Hold” recommendation from previously “Sell” rating. Sidoti revised its rating on July 18, 2023. It rated AMWD as “a Neutral” which previously was an “a Buy”.

Price Performance Review of AMWD

On Tuesday, American Woodmark Corp. [NASDAQ:AMWD] saw its stock fall -0.18% to $94.24. Over the last five days, the stock has gained 4.39%. American Woodmark Corp. shares have risen nearly 1.50% since the year began. Nevertheless, the stocks have risen 28.37% over the past one year. While a 52-week high of $106.57 was reached on 07/31/24, a 52-week low of $65.01 was recorded on 07/10/24. SMA at 50 days reached $87.09, while 200 days put it at $89.61.

Levels Of Support And Resistance For AMWD Stock

The 24-hour chart illustrates a support level at 93.31, which if violated will result in even more drops to 92.39. On the upside, there is a resistance level at 95.30. A further resistance level may holdings at 96.37. The Relative Strength Index (RSI) on the 14-day chart is 55.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 55.38%. Stochastics%K at 40.49% indicates the stock is a holding.

How much short interest is there in American Woodmark Corp.?

A steep rise in short interest was recorded in American Woodmark Corp. stocks on 2024-07-31, growing by 25741.0 shares to a total of 0.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 0.46 million shares. There was a rise of 5.25%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on August 18, 2022 when Deutsche Bank began covering the stock and recommended ‘”a Sell”‘ rating along with a $45 price target.

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