In a filing, A.O. Smith Corp. revealed its SVP – Global Operations Carver Samuel M. unloaded Company’s shares for reported $1.19 million on Aug 07 ’24. In the deal valued at $81.00 per share,14,705 shares were sold. As a result of this transaction, Carver Samuel M. now holds 2,399 shares worth roughly $0.19 million.
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Then, SAMUEL M CARVER bought 14,705 shares, generating $1,191,146 in total proceeds.
Before that, BROWN RONALD D sold 3,631 shares. A.O. Smith Corp. shares valued at $311,071 were divested by the Director at a price of $85.67 per share. As a result of the transaction, BROWN RONALD D now holds 1,100 shares, worth roughly $89045.0.
Stifel upgraded its A.O. Smith Corp. [AOS] rating to a Buy from a a Hold in a research note published on July 24, 2024; the price target was increased to $98 from $97. A number of analysts have revised their coverage, including Seaport Research Partners’s analysts, who began to cover the stock in early August with a ‘”a Neutral”‘ rating. Loop Capital also remained covering AOS and has decreased its forecast on January 17, 2023 with a “Hold” recommendation from previously “Buy” rating. UBS revised its rating on January 10, 2023. It rated AOS as “a Sell” which previously was an “a Neutral”.
Price Performance Review of AOS
On Tuesday, A.O. Smith Corp. [NYSE:AOS] saw its stock fall -2.02% to $80.95. Over the last five days, the stock has lost -6.36%. A.O. Smith Corp. shares have fallen nearly -1.81% since the year began. Nevertheless, the stocks have risen 15.21% over the past one year. While a 52-week high of $92.44 was reached on 07/18/24, a 52-week low of $65.08 was recorded on 09/11/24. SMA at 50 days reached $82.70, while 200 days put it at $83.43.
Levels Of Support And Resistance For AOS Stock
The 24-hour chart illustrates a support level at 80.23, which if violated will result in even more drops to 79.51. On the upside, there is a resistance level at 82.34. A further resistance level may holdings at 83.72. The Relative Strength Index (RSI) on the 14-day chart is 40.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -5.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.46%. Stochastics %K at 15.76% indicates the stock is a buying.
How much short interest is there in A.O. Smith Corp.?
A steep rise in short interest was recorded in A.O. Smith Corp. stocks on 2024-09-30, growing by 0.26 million shares to a total of 2.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.22 million shares. There was a rise of 10.48%, which implies that there is a positive sentiment for the stock.
