Woodward Inc’s recently made public that its EVP and COO Cromwell Thomas G unloaded Company’s shares for reported $0.59 million on May 09 ’24. In the deal valued at $179.58 per share,3,260 shares were sold. As a result of this transaction, Cromwell Thomas G now holds 11,833 shares worth roughly $1.98 million.
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Then, Cromwell Thomas G sold 1,899 shares, generating $340,870 in total proceeds. Upon selling the shares at $179.50, the EVP and COO now owns 11,833 shares.
Before that, SENGSTACK GREGG C sold 6,000 shares. Woodward Inc shares valued at $1,002,060 were divested by the Director at a price of $167.01 per share. As a result of the transaction, SENGSTACK GREGG C now holds 17,450 shares, worth roughly $2.92 million.
TD Cowen downgraded its Woodward Inc [WWD] rating to a Hold from a a Buy in a research note published on October 04, 2024; the price target was decreased to $160 from $186. A number of analysts have revised their coverage, including Truist’s analysts, who increased its forecast for the stock in late August from “a Hold” to “a Buy”. Jefferies also remained covering WWD and has increased its forecast on July 31, 2024 with a “Buy” recommendation from previously “Hold” rating. Deutsche Bank revised its rating on July 31, 2024. It rated WWD as “a Hold” which previously was an “a Buy”.
Price Performance Review of WWD
On Friday, Woodward Inc [NASDAQ:WWD] saw its stock jump 0.81% to $167.62. Over the last five days, the stock has lost -1.69%. Woodward Inc shares have risen nearly 23.13% since the year began. Nevertheless, the stocks have risen 34.25% over the past one year. While a 52-week high of $188.35 was reached on 06/03/24, a 52-week low of $119.03 was recorded on 01/04/24. SMA at 50 days reached $162.84, while 200 days put it at $158.62.
Levels Of Support And Resistance For WWD Stock
The 24-hour chart illustrates a support level at 164.71, which if violated will result in even more drops to 161.79. On the upside, there is a resistance level at 169.13. A further resistance level may holdings at 170.63. The Relative Strength Index (RSI) on the 14-day chart is 51.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.85%. Stochastics %K at 63.35% indicates the stock is a holding.
How much short interest is there in Woodward Inc?
A steep rise in short interest was recorded in Woodward Inc stocks on 2024-09-13, dropping by -0.12 million shares to a total of 0.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 1.07 million shares. There was a decline of -12.24%, which implies that there is a negative sentiment for the stock.
