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Crown Holdings, Inc. (CCK) receives an Outperform rating from Robert W. Baird

Crown Holdings, Inc.’s recently made public that its President & CEO DONAHUE TIMOTHY J unloaded Company’s shares for reported $0.68 million on Sep 06 ’24. In the deal valued at $90.58 per share,7,500 shares were sold. As a result of this transaction, DONAHUE TIMOTHY J now holds 578,678 shares worth roughly $52.86 million.

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Then, DONAHUE TIMOTHY J bought 7,500 shares, generating $679,350 in total proceeds.

Before that, Crown Cork & Seal Co. Inc. Mas bought 2,000,000 shares. Crown Holdings, Inc. shares valued at $180,820,000 were divested by the Pension Trust Fund of the Issu at a price of $90.41 per share.

Robert W. Baird upgraded its Crown Holdings, Inc. [CCK] rating to an Outperform from a a Neutral in a research note published on April 16, 2024; the price target was increased to $90 from $85. A number of analysts have revised their coverage, including Truist’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Hold”. Morgan Stanley began covering CCK with “an Equal-weight” recommendation on March 18, 2024. Wolfe Research started covering the stock on March 01, 2024. It rated CCK as “an Outperform”.

Price Performance Review of CCK

On Friday, Crown Holdings, Inc. [NYSE:CCK] saw its stock jump 1.32% to $91.34. Over the last five days, the stock has lost -0.02%. Crown Holdings, Inc. shares have fallen nearly -0.81% since the year began. Nevertheless, the stocks have risen 1.20% over the past one year. While a 52-week high of $93.79 was reached on 01/02/24, a 52-week low of $69.61 was recorded on 02/06/24. SMA at 50 days reached $85.10, while 200 days put it at $83.04.

Levels Of Support And Resistance For CCK Stock

The 24-hour chart illustrates a support level at 90.51, which if violated will result in even more drops to 89.69. On the upside, there is a resistance level at 91.79. A further resistance level may holdings at 92.25. The Relative Strength Index (RSI) on the 14-day chart is 66.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.90%. Stochastics %K at 58.62% indicates the stock is a holding.

How much short interest is there in Crown Holdings, Inc.?

A steep rise in short interest was recorded in Crown Holdings, Inc. stocks on 2024-08-30, dropping by -0.58 million shares to a total of 2.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.92 million shares. There was a decline of -24.64%, which implies that there is a negative sentiment for the stock.

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