Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Ashland Inc shares valued at $482,198 were sold by WILLIS J KEVIN on Sep 04 ’24. At $87.88 per share, WILLIS J KEVIN sold 5,487 shares. The insider’s holdings dropped to 17,052 shares worth approximately $1.49 million following the completion of this transaction.
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Also, WILLIS J KEVIN purchased 5,487 shares, netting a total of over 482,198 in proceeds.
Before that, LAMPKIN ROBIN E. had sold 844 shares from its account. In a trade valued at $78,104, the SVP, Gen Counsel and Secrty. traded Ashland Inc shares for $92.54 each. Upon closing the transaction, the insider’s holdings decreased to 844 shares, worth approximately $0.25 million.
As published in a research note from JP Morgan on August 08, 2024, Ashland Inc [ASH] has been rated up from an Underweight to a Neutral and the price target has been revised to $89 from $90. Analysts at Wells Fargo upgraded the stock from ‘”an Equal weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid April. As of March 14, 2024, Jefferies has increased its “Hold” rating to a “Buy” for ASH. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for ASH stock.
Analyzing ASH Stock Performance
During the last five days, there has been a drop of approximately -0.89%. Over the course of the year, Ashland Inc shares have jumped approximately 3.45%. Shares of the company reached a 52-week high of $102.50 on 06/12/24 and a 52-week low of $77.61 on 01/19/24. A 50-day SMA is recorded $88.67, while a 200-day SMA reached $91.68. Nevertheless, trading volume fell to 0.52 million shares from 0.78 million shares the previous day.
Support And Resistance Levels for Ashland Inc (ASH)
According to the 24-hour chart, there is a support level at 86.18, which, if violated, would cause prices to drop to 85.15. In the upper region, resistance lies at 88.09. The next price resistance is at 88.97. RSI (Relative Strength Index) is 49.98 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.06, which suggests the price will decrease in the coming days. Percent R is at 28.99%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
