GrafTech International Ltd.’s filing revealed that its 10% Owner Colonial House Capital Ltd acquired Company’s shares for reported $0.57 million on May 17 ’24. In the deal valued at $1.72 per share,332,770 shares were bought. As a result of this transaction, Colonial House Capital Ltd now holds 31,358,061 shares worth roughly $25.4 million.
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Then, Colonial House Capital Ltd bought 500,000 shares, generating $870,250 in total proceeds. Upon buying the shares at $1.74, the 10% Owner now owns 31,025,291 shares.
Before that, Colonial House Capital Ltd bought 114,178 shares. GrafTech International Ltd. shares valued at $202,438 were divested by the 10% Owner at a price of $1.77 per share. As a result of the transaction, Colonial House Capital Ltd now holds 30,525,291 shares, worth roughly $24.73 million.
JP Morgan downgraded its GrafTech International Ltd. [EAF] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. RBC Capital Mkts also remained covering EAF and has decreased its forecast on July 13, 2022 with a “Sector perform” recommendation from previously “an Outperform” rating. Citigroup revised its rating on June 07, 2022. It rated EAF as “a Neutral” which previously was an “a Buy”.
Price Performance Review of EAF
On Monday, GrafTech International Ltd. [NYSE:EAF] saw its stock jump 3.12% to $0.81. Over the last five days, the stock has gained 21.51%. GrafTech International Ltd. shares have fallen nearly -62.83% since the year began. Nevertheless, the stocks have fallen -79.28% over the past one year. While a 52-week high of $3.97 was reached on 01/02/24, a 52-week low of $0.52 was recorded on 08/06/24. SMA at 50 days reached $0.7884, while 200 days put it at $1.4395.
Levels Of Support And Resistance For EAF Stock
The 24-hour chart illustrates a support level at 0.7755, which if violated will result in even more drops to 0.7368. On the upside, there is a resistance level at 0.8403. A further resistance level may holdings at 0.8664. The Relative Strength Index (RSI) on the 14-day chart is 55.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0445, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 37.38%. Stochastics %K at 56.59% indicates the stock is a holding.
How much short interest is there in GrafTech International Ltd.?
A steep rise in short interest was recorded in GrafTech International Ltd. stocks on 2024-08-30, growing by 1.93 million shares to a total of 18.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 16.88 million shares. There was a rise of 10.28%, which implies that there is a positive sentiment for the stock.
