Illinois Tool Works, Inc.’s recent filing unveils that its Director SMITH DAVID BYRON JR acquired Company’s shares for reported $0.19 million on Jun 13 ’24. In the deal valued at $238.82 per share,775 shares were bought. As a result of this transaction, SMITH DAVID BYRON JR now holds 121,506 shares worth roughly $31.11 million.
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Then, Larsen Michael M sold 37,167 shares, generating $9,851,485 in total proceeds. Upon selling the shares at $265.06, the SVP & CFO now owns 46,404 shares.
Before that, Lawler Mary Katherine sold 11,647 shares. Illinois Tool Works, Inc. shares valued at $3,056,173 were divested by the SVP & Chief HR Officer at a price of $262.40 per share. As a result of the transaction, Lawler Mary Katherine now holds 25,562 shares, worth roughly $6.54 million.
Truist initiated its Illinois Tool Works, Inc. [ITW] rating to a Buy in a research note published on March 14, 2024; the price target was $301. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early February from “an Equal weight” to “an Underweight”. BofA Securities also remained covering ITW and has decreased its forecast on January 10, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Vertical Research revised its rating on January 03, 2023. It rated ITW as “a Hold” which previously was an “a Buy”.
Price Performance Review of ITW
On Monday, Illinois Tool Works, Inc. [NYSE:ITW] saw its stock fall -0.92% to $256.04. Over the last five days, the stock has lost -2.30%. Illinois Tool Works, Inc. shares have fallen nearly -2.25% since the year began. Nevertheless, the stocks have risen 9.97% over the past one year. While a 52-week high of $271.15 was reached on 03/22/24, a 52-week low of $217.50 was recorded on 07/01/24. SMA at 50 days reached $249.05, while 200 days put it at $251.39.
Levels Of Support And Resistance For ITW Stock
The 24-hour chart illustrates a support level at 254.74, which if violated will result in even more drops to 253.43. On the upside, there is a resistance level at 257.74. A further resistance level may holdings at 259.43. The Relative Strength Index (RSI) on the 14-day chart is 52.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.72, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.32%. Stochastics %K at 37.10% indicates the stock is a holding.
How much short interest is there in Illinois Tool Works, Inc.?
A steep rise in short interest was recorded in Illinois Tool Works, Inc. stocks on 2024-09-13, growing by 0.44 million shares to a total of 6.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.65 million shares. There was a rise of 7.15%, which implies that there is a positive sentiment for the stock.
