The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. GrafTech International Ltd. shares valued at $572,897 were purchased by Colonial House Capital Ltd on May 17 ’24. At $1.72 per share, Colonial House Capital Ltd acquired 332,770 shares. The insider’s holdings grew to 31,358,061 shares worth approximately $49.55 million following the completion of this transaction.
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Also, Colonial House Capital Ltd purchased 500,000 shares, netting a total of over 870,250 in proceeds. Following the buying of shares at $1.74 each, the insider now holds 31,025,291 shares.
Before that, Colonial House Capital Ltd had added 114,178 shares to its account. In a trade valued at $202,438, the 10% Owner bought GrafTech International Ltd. shares for $1.77 each. Upon closing the transaction, the insider’s holdings increased to 114,178 shares, worth approximately $48.23 million.
As published in a research note from JP Morgan on July 16, 2024, GrafTech International Ltd. [EAF] has been rated down from a Neutral to an Underweight. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid January. As of July 13, 2022, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for EAF. Earlier on June 07, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for EAF stock which previously was a “a Buy”.
Analyzing EAF Stock Performance
During the last five days, there has been a surge of approximately 1.28%. Over the course of the year, GrafTech International Ltd. shares have dropped approximately -27.85%. Shares of the company reached a 52-week high of $2.2400 on 01/02/24 and a 52-week low of $0.5200 on 08/06/24. A 50-day SMA is recorded $0.9651, while a 200-day SMA reached $1.3196. Nevertheless, trading volume fell to 1.78 million shares from 1.07 million shares the previous day.
Support And Resistance Levels for GrafTech International Ltd. (EAF)
According to the 24-hour chart, there is a support level at 1.4637, which, if violated, would cause prices to drop to 1.3475. In the upper region, resistance lies at 1.6681. The next price resistance is at 1.7563. RSI (Relative Strength Index) is 64.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0074, which suggests the price will decrease in the coming days. Percent R is at 45.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
