Howmet Aerospace Inc’s recent filing unveils that its EVP, HR Marchuk Neil Edward unloaded Company’s shares for reported $6.85 million on Aug 23 ’24. In the deal valued at $96.94 per share,70,637 shares were sold. As a result of this transaction, Marchuk Neil Edward now holds 92,687 shares worth roughly $9.53 million.
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Then, Giacobbe Ken sold 154,909 shares, generating $14,960,414 in total proceeds. Upon selling the shares at $96.58, the EVP and CFO now owns 155,135 shares.
Before that, Marchuk Neil Edward bought 70,637 shares. Howmet Aerospace Inc shares valued at $6,847,747 were divested by the Officer at a price of $96.94 per share.
BTIG Research initiated its Howmet Aerospace Inc [HWM] rating to a Buy in a research note published on June 26, 2024; the price target was $95. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. Truist also remained covering HWM and has increased its forecast on January 10, 2024 with a “Buy” recommendation from previously “Hold” rating. Bernstein started covering the stock on January 05, 2024. It rated HWM as “an Outperform”.
Price Performance Review of HWM
On Monday, Howmet Aerospace Inc [NYSE:HWM] saw its stock jump 0.78% to $102.83. Over the last five days, the stock has gained 2.57%. Howmet Aerospace Inc shares have risen nearly 90.00% since the year began. Nevertheless, the stocks have risen 125.36% over the past one year. While a 52-week high of $103.00 was reached on 10/07/24, a 52-week low of $42.94 was recorded on 01/04/24. SMA at 50 days reached $95.42, while 200 days put it at $75.86.
Levels Of Support And Resistance For HWM Stock
The 24-hour chart illustrates a support level at 101.69, which if violated will result in even more drops to 100.54. On the upside, there is a resistance level at 103.68. A further resistance level may holdings at 104.52. The Relative Strength Index (RSI) on the 14-day chart is 73.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.03%. Stochastics %K at 88.85% indicates the stock is a selling.
How much short interest is there in Howmet Aerospace Inc?
A steep rise in short interest was recorded in Howmet Aerospace Inc stocks on 2024-09-13, growing by 0.28 million shares to a total of 8.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.98 million shares. There was a rise of 3.35%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 11, 2023 when UBS began covering the stock and recommended ‘”a Neutral”‘ rating along with a $51 price target.
