Powell Industries, Inc.’s recent filing unveils that its Director McGill James W unloaded Company’s shares for reported $1.23 million on Aug 27 ’24. In the deal valued at $185.84 per share,6,600 shares were sold. As a result of this transaction, McGill James W now holds 9,660 shares worth roughly $1.47 million.
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Then, James W. McGill bought 6,600 shares, generating $1,272,678 in total proceeds.
Before that, METCALF MICHAEL WILLIAM sold 4,300 shares. Powell Industries, Inc. shares valued at $711,853 were divested by the Exec Vice President at a price of $165.55 per share. As a result of the transaction, METCALF MICHAEL WILLIAM now holds 33,100 shares, worth roughly $5.05 million.
Sidoti downgraded its Powell Industries, Inc. [POWL] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in late March from “a Neutral” to “a Buy”. Sidoti also remained covering POWL and has decreased its forecast on August 11, 2020 with a “Neutral” recommendation from previously “Buy” rating. Sidoti revised its rating on March 19, 2020. It rated POWL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of POWL
On Tuesday, Powell Industries, Inc. [NASDAQ:POWL] saw its stock fall -8.86% to $152.61. Over the last five days, the stock has lost -20.86%. Powell Industries, Inc. shares have risen nearly 72.64% since the year began. Nevertheless, the stocks have risen 81.74% over the past one year. While a 52-week high of $209.14 was reached on 05/28/24, a 52-week low of $72.51 was recorded on 01/26/24. SMA at 50 days reached $153.91, while 200 days put it at $136.72.
Levels Of Support And Resistance For POWL Stock
The 24-hour chart illustrates a support level at 147.13, which if violated will result in even more drops to 141.64. On the upside, there is a resistance level at 162.37. A further resistance level may holdings at 172.12. The Relative Strength Index (RSI) on the 14-day chart is 43.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -10.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.43%. Stochastics %K at 20.82% indicates the stock is a holding.
How much short interest is there in Powell Industries, Inc.?
A steep rise in short interest was recorded in Powell Industries, Inc. stocks on 2024-08-15, growing by 89479.0 shares to a total of 1.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.57 million shares. There was a rise of 5.4%, which implies that there is a positive sentiment for the stock.
