Howmet Aerospace Inc’s filing revealed that its EVP and CFO Giacobbe Ken unloaded Company’s shares for reported $14.96 million on Aug 22 ’24. In the deal valued at $96.58 per share,154,909 shares were sold. As a result of this transaction, Giacobbe Ken now holds 155,135 shares worth roughly $15.06 million.
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Then, Marchuk Neil Edward bought 70,637 shares, generating $6,847,747 in total proceeds.
Before that, Giacobbe Ken bought 154,909 shares. Howmet Aerospace Inc shares valued at $14,960,410 were divested by the Officer at a price of $96.58 per share.
BTIG Research initiated its Howmet Aerospace Inc [HWM] rating to a Buy in a research note published on June 26, 2024; the price target was $95. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. Truist also remained covering HWM and has increased its forecast on January 10, 2024 with a “Buy” recommendation from previously “Hold” rating. Bernstein started covering the stock on January 05, 2024. It rated HWM as “an Outperform”.
Price Performance Review of HWM
On Friday, Howmet Aerospace Inc [NYSE:HWM] saw its stock jump 0.55% to $97.08. Over the last five days, the stock has gained 1.31%. Howmet Aerospace Inc shares have risen nearly 79.38% since the year began. Nevertheless, the stocks have risen 97.56% over the past one year. While a 52-week high of $97.29 was reached on 08/23/24, a 52-week low of $42.94 was recorded on 01/04/24. SMA at 50 days reached $85.01, while 200 days put it at $69.10.
Levels Of Support And Resistance For HWM Stock
The 24-hour chart illustrates a support level at 96.47, which if violated will result in even more drops to 95.86. On the upside, there is a resistance level at 97.63. A further resistance level may holdings at 98.18. The Relative Strength Index (RSI) on the 14-day chart is 67.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.93%. Stochastics%K at 95.49% indicates the stock is a selling.
How much short interest is there in Howmet Aerospace Inc?
A steep rise in short interest was recorded in Howmet Aerospace Inc stocks on 2024-07-31, dropping by -4.1 million shares to a total of 6.94 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 11.04 million shares. There was a decline of -59.08%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on October 11, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $51 price target.
