Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Crown Holdings, Inc. shares valued at $679,350 were sold by DONAHUE TIMOTHY J on Sep 06 ’24. At $90.58 per share, DONAHUE TIMOTHY J sold 7,500 shares. The insider’s holdings dropped to 578,678 shares worth approximately $53.89 million following the completion of this transaction.
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Also, DONAHUE TIMOTHY J purchased 7,500 shares, netting a total of over 679,350 in proceeds.
Before that, Crown Cork & Seal Co. Inc. Mas had added 2,000,000 shares to its account. In a trade valued at $180,820,000, the Pension Trust Fund of the Issu bought Crown Holdings, Inc. shares for $90.41 each.
As published in a research note from Robert W. Baird on April 16, 2024, Crown Holdings, Inc. [CCK] has been rated up from a Neutral to an Outperform and the price target has been revised to $90 from $85. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late March. As of March 18, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for CCK. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for CCK stock.
Analyzing CCK Stock Performance
During the last five days, there has been a surge of approximately 3.55%. Over the course of the year, Crown Holdings, Inc. shares have jumped approximately 1.13%. Shares of the company reached a 52-week high of $93.79 on 09/18/24 and a 52-week low of $69.61 on 02/06/24. A 50-day SMA is recorded $86.32, while a 200-day SMA reached $83.17. Nevertheless, trading volume fell to 0.74 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Crown Holdings, Inc. (CCK)
According to the 24-hour chart, there is a support level at 92.34, which, if violated, would cause prices to drop to 91.55. In the upper region, resistance lies at 93.86. The next price resistance is at 94.58. RSI (Relative Strength Index) is 71.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.75, which suggests the price will increase in the coming days. Percent R is at 11.24%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
