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Keeping an Eye on Spirit Aerosystems Holdings Inc (SPR) After Insider Trading Activity

In a filing, Spirit Aerosystems Holdings Inc revealed its Officer BILL BROWN acquired Company’s shares for reported $1.67 million on Aug 14 ’24. In the deal valued at $34.16 per share,48,781 shares were bought.

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The Benchmark Company downgraded its Spirit Aerosystems Holdings Inc [SPR] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including TD Cowen’s analysts, who increased its forecast for the stock in early February from “a Market perform” to “an Outperform”. KeyBanc Capital Markets began covering SPR with “Sector weight” recommendation on January 17, 2024. Citigroup started covering the stock on January 17, 2024. It rated SPR as “a Buy”.

Price Performance Review of SPR

On Tuesday, Spirit Aerosystems Holdings Inc [NYSE:SPR] saw its stock fall -0.68% to $32.25. Over the last five days, the stock has lost -2.04%. Spirit Aerosystems Holdings Inc shares have risen nearly 1.48% since the year began. Nevertheless, the stocks have risen 93.11% over the past one year. While a 52-week high of $37.08 was reached on 07/31/24, a 52-week low of $16.14 was recorded on 01/30/24. SMA at 50 days reached $33.82, while 200 days put it at $32.21.

Levels Of Support And Resistance For SPR Stock

The 24-hour chart illustrates a support level at 32.04, which if violated will result in even more drops to 31.83. On the upside, there is a resistance level at 32.51. A further resistance level may holdings at 32.78. The Relative Strength Index (RSI) on the 14-day chart is 40.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.95%. Stochastics %K at 31.77% indicates the stock is a holding.

How much short interest is there in Spirit Aerosystems Holdings Inc?

A steep rise in short interest was recorded in Spirit Aerosystems Holdings Inc stocks on 2024-09-13, dropping by -0.88 million shares to a total of 10.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.96 million shares. There was a decline of -8.75%, which implies that there is a negative sentiment for the stock.

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