Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Crane NXT Co shares valued at $1,763,705 were sold by Gallo Kurt F. on Aug 23 ’24. At $58.21 per share, Gallo Kurt F. sold 30,299 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Gallo Kurt F. sold 2,413 shares, netting a total of over 139,978 in proceeds. Following the sale of shares at $58.01 each, the insider now holds 0 shares.
Before that, Gallo Kurt F. had sold 207 shares from its account. In a trade valued at $12,006, the Senior Vice President traded Crane NXT Co shares for $58.00 each. Upon closing the transaction, the insider’s holdings decreased to 207 shares, worth approximately $0.0.
As published in their initiating research note from Northland Capital on April 08, 2024, Crane NXT Co [CXT] has been an Outperform and the price target has been revised to $91. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in late August. As of June 13, 2023, Oppenheimer has initiated its “an Outperform” rating for CXT.
Analyzing CXT Stock Performance
During the last five days, there has been a drop of approximately -3.19%. Over the course of the year, Crane NXT Co shares have dropped approximately -0.70%. Shares of the company reached a 52-week high of $64.80 on 06/21/24 and a 52-week low of $53.51 on 01/05/24. A 50-day SMA is recorded $58.63, while a 200-day SMA reached $58.68. Nevertheless, trading volume fell to 0.36 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for Crane NXT Co (CXT)
According to the 24-hour chart, there is a support level at 55.74, which, if violated, would cause prices to drop to 55.02. In the upper region, resistance lies at 56.84. The next price resistance is at 57.22. RSI (Relative Strength Index) is 43.63 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 73.20%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
