Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Powell Industries, Inc. shares valued at $467,524 were sold by COPE BRETT ALAN on Sep 13 ’24. At $170.01 per share, COPE BRETT ALAN sold 2,750 shares. The insider’s holdings dropped to 143,237 shares worth approximately $27.61 million following the completion of this transaction.
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Also, COPE BRETT ALAN purchased 2,750 shares, netting a total of over 467,524 in proceeds.
Before that, McGill James W had sold 6,600 shares from its account. In a trade valued at $1,226,539, the Director traded Powell Industries, Inc. shares for $185.84 each. Upon closing the transaction, the insider’s holdings decreased to 6,600 shares, worth approximately $1.86 million.
As published in a research note from Sidoti on June 10, 2022, Powell Industries, Inc. [POWL] has been rated down from a Buy to a Neutral. Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of August 11, 2020, Sidoti has decreased its “Buy” rating to a “Neutral” for POWL. Earlier on March 19, 2020, Sidoti upgraded its rating. Their new recommendation was “a Buy” for POWL stock which previously was a “a Neutral”.
Analyzing POWL Stock Performance
During the last five days, there has been a surge of approximately 15.40%. Over the course of the year, Powell Industries, Inc. shares have jumped approximately 118.07%. Shares of the company reached a 52-week high of $209.14 on 05/28/24 and a 52-week low of $76.29 on 01/26/24. A 50-day SMA is recorded $158.69, while a 200-day SMA reached $141.62. Nevertheless, trading volume fell to 0.54 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Powell Industries, Inc. (POWL)
According to the 24-hour chart, there is a support level at 186.10, which, if violated, would cause prices to drop to 179.43. In the upper region, resistance lies at 196.85. The next price resistance is at 200.93. RSI (Relative Strength Index) is 68.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 18.34, which suggests the price will increase in the coming days. Percent R is at 3.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
