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Keeping an Eye on Honeywell International Inc (HON) After Insider Trading Activity

Honeywell International Inc’s recently made public that its Director KEVIN BURKE acquired Company’s shares for reported $0.11 million on Aug 15 ’24. In the deal valued at $197.60 per share,544 shares were bought.

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Then, Adamczyk Darius sold 28,500 shares, generating $5,812,860 in total proceeds. Upon selling the shares at $203.96, the Director now owns 203,510 shares.

Before that, Lewis Gregory P sold 25,209 shares. Honeywell International Inc shares valued at $4,866,850 were divested by the SrVP & Chief Financial Officer at a price of $193.06 per share. As a result of the transaction, Lewis Gregory P now holds 55,471 shares, worth roughly $11.35 million.

Morgan Stanley initiated its Honeywell International Inc [HON] rating to an Equal-weight in a research note published on September 06, 2024; the price target was $210. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Hold”. Berenberg also remained covering HON and has increased its forecast on March 06, 2024 with a “Buy” recommendation from previously “Hold” rating. UBS revised its rating on January 04, 2023. It rated HON as “a Sell” which previously was an “a Buy”.

Price Performance Review of HON

On Monday, Honeywell International Inc [NASDAQ:HON] saw its stock jump 0.26% to $204.68. Over the last five days, the stock has gained 1.75%. Honeywell International Inc shares have fallen nearly -2.40% since the year began. Nevertheless, the stocks have risen 5.74% over the past one year. While a 52-week high of $220.79 was reached on 07/18/24, a 52-week low of $174.88 was recorded on 02/01/24. SMA at 50 days reached $205.42, while 200 days put it at $202.34.

Levels Of Support And Resistance For HON Stock

The 24-hour chart illustrates a support level at 203.29, which if violated will result in even more drops to 201.90. On the upside, there is a resistance level at 206.51. A further resistance level may holdings at 208.34. The Relative Strength Index (RSI) on the 14-day chart is 52.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.73%. Stochastics %K at 62.69% indicates the stock is a holding.

How much short interest is there in Honeywell International Inc?

A steep rise in short interest was recorded in Honeywell International Inc stocks on 2024-08-30, growing by 0.98 million shares to a total of 6.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 5.81 million shares. There was a rise of 14.47%, which implies that there is a positive sentiment for the stock.

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