Hexcel Corp.’s recent filing unveils that its insider Merlot Thierry unloaded Company’s shares for reported $0.61 million on Aug 30 ’24. In the deal valued at $63.19 per share,9,611 shares were sold. As a result of this transaction, Merlot Thierry now holds 46,371 shares worth roughly $2.8 million.
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Then, Lehman Gail E sold 4,800 shares, generating $303,744 in total proceeds. Upon selling the shares at $63.28, the insider now owns 12,547 shares.
Before that, Lehman Gail E bought 4,800 shares. Hexcel Corp. shares valued at $303,744 were divested by the Officer at a price of $63.28 per share.
Vertical Research downgraded its Hexcel Corp. [HXL] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Sector perform”. Wells Fargo also remained covering HXL and has increased its forecast on May 08, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Northcoast revised its rating on April 10, 2024. It rated HXL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of HXL
On Friday, Hexcel Corp. [NYSE:HXL] saw its stock jump 3.00% to $60.47. Over the last five days, the stock has gained 0.33%. Hexcel Corp. shares have fallen nearly -18.01% since the year began. Nevertheless, the stocks have fallen -12.79% over the past one year. While a 52-week high of $77.09 was reached on 03/07/24, a 52-week low of $57.50 was recorded on 10/10/24. SMA at 50 days reached $61.49, while 200 days put it at $66.99.
Levels Of Support And Resistance For HXL Stock
The 24-hour chart illustrates a support level at 59.25, which if violated will result in even more drops to 58.03. On the upside, there is a resistance level at 61.13. A further resistance level may holdings at 61.79. The Relative Strength Index (RSI) on the 14-day chart is 47.71, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.00%. Stochastics %K at 35.11% indicates the stock is a holding.
How much short interest is there in Hexcel Corp.?
A steep rise in short interest was recorded in Hexcel Corp. stocks on 2024-09-30, growing by 13357.0 shares to a total of 1.3 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.29 million shares. There was a rise of 1.03%, which implies that there is a positive sentiment for the stock.
