Ashland Inc’s recently made public that its SVP and CFO WILLIS J KEVIN unloaded Company’s shares for reported $0.48 million on Sep 04 ’24. In the deal valued at $87.88 per share,5,487 shares were sold. As a result of this transaction, WILLIS J KEVIN now holds 17,052 shares worth roughly $1.48 million.
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Then, WILLIS J KEVIN bought 5,487 shares, generating $482,198 in total proceeds.
Before that, LAMPKIN ROBIN E. sold 844 shares. Ashland Inc shares valued at $78,104 were divested by the SVP, Gen Counsel and Secrty. at a price of $92.54 per share. As a result of the transaction, LAMPKIN ROBIN E. now holds 2,883 shares, worth roughly $0.25 million.
JP Morgan upgraded its Ashland Inc [ASH] rating to a Neutral from a an Underweight in a research note published on August 08, 2024; the price target was decreased to $89 from $90. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in mid April from “an Equal weight” to “an Overweight”. Jefferies also remained covering ASH and has increased its forecast on March 14, 2024 with a “Buy” recommendation from previously “Hold” rating. Wolfe Research started covering the stock on March 01, 2024. It rated ASH as “an Outperform”.
Price Performance Review of ASH
On Monday, Ashland Inc [NYSE:ASH] saw its stock jump 0.35% to $87.00. Over the last five days, the stock has gained 1.92%. Ashland Inc shares have risen nearly 3.19% since the year began. Nevertheless, the stocks have risen 4.10% over the past one year. While a 52-week high of $102.50 was reached on 06/12/24, a 52-week low of $70.82 was recorded on 01/19/24. SMA at 50 days reached $89.85, while 200 days put it at $91.46.
Levels Of Support And Resistance For ASH Stock
The 24-hour chart illustrates a support level at 86.50, which if violated will result in even more drops to 86.00. On the upside, there is a resistance level at 87.91. A further resistance level may holdings at 88.83. The Relative Strength Index (RSI) on the 14-day chart is 48.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.71, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.29%. Stochastics %K at 45.80% indicates the stock is a holding.
How much short interest is there in Ashland Inc?
A steep rise in short interest was recorded in Ashland Inc stocks on 2024-08-30, growing by 0.48 million shares to a total of 1.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.6 million shares. There was a rise of 44.42%, which implies that there is a positive sentiment for the stock.
