Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Warrior Met Coal Inc shares valued at $1,739,572 were sold by SCHELLER WALTER J on Jul 03 ’24. At $75.15 per share, SCHELLER WALTER J sold 23,148 shares. The insider’s holdings dropped to 340,485 shares worth approximately $21.11 million following the completion of this transaction.
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Also, Gant Kelli K. sold 10,000 shares, netting a total of over 750,600 in proceeds. Following the sale of shares at $75.06 each, the insider now holds 61,678 shares.
Before that, SCHUMACHER ALAN H had added 2,000 shares to its account. In a trade valued at $116,300, the Director bought Warrior Met Coal Inc shares for $58.15 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $1.88 million.
As published in a research note from Citigroup on April 11, 2024, Warrior Met Coal Inc [HCC] has been rated up from a Neutral to a Buy and the price target has been revised to $75 from $60. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of September 23, 2022, B. Riley Securities has increased its “Neutral” rating to a “Buy” for HCC. Earlier on August 04, 2022, BMO Capital Markets downgraded its rating. Their new recommendation was “a Market perform” for HCC stock which previously was a “an Outperform”.
Analyzing HCC Stock Performance
During the last five days, there has been a drop of approximately -1.15%. Over the course of the year, Warrior Met Coal Inc shares have jumped approximately 2.59%. Shares of the company reached a 52-week high of $75.53 on 07/03/24 and a 52-week low of $50.60 on 09/11/24. A 50-day SMA is recorded $59.40, while a 200-day SMA reached $62.46. Nevertheless, trading volume fell to 0.51 million shares from 0.57 million shares the previous day.
Support And Resistance Levels for Warrior Met Coal Inc (HCC)
According to the 24-hour chart, there is a support level at 61.36, which, if violated, would cause prices to drop to 60.71. In the upper region, resistance lies at 62.71. The next price resistance is at 63.42. RSI (Relative Strength Index) is 58.47 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.68, which suggests the price will increase in the coming days. Percent R is at 30.54%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
