Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Howmet Aerospace Inc shares valued at $6,847,749 were sold by Marchuk Neil Edward on Aug 23 ’24. At $96.94 per share, Marchuk Neil Edward sold 70,637 shares. The insider’s holdings dropped to 92,687 shares worth approximately $9.84 million following the completion of this transaction.
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Also, Giacobbe Ken sold 154,909 shares, netting a total of over 14,960,414 in proceeds. Following the sale of shares at $96.58 each, the insider now holds 155,135 shares.
Before that, Marchuk Neil Edward had added 70,637 shares to its account. In a trade valued at $6,847,747, the Officer bought Howmet Aerospace Inc shares for $96.94 each.
As published in their initiating research note from Susquehanna on October 08, 2024, Howmet Aerospace Inc [HWM] has been a Positive and the price target has been revised to $120. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of March 18, 2024, RBC Capital Mkts has initiated its “an Outperform” rating for HWM. Earlier on January 10, 2024, Truist upgraded its rating. Their new recommendation was “a Buy” for HWM stock which previously was a “a Hold”.
Analyzing HWM Stock Performance
During the last five days, there has been a surge of approximately 4.03%. Over the course of the year, Howmet Aerospace Inc shares have jumped approximately 96.25%. Shares of the company reached a 52-week high of $106.74 on 10/17/24 and a 52-week low of $52.56 on 01/04/24. A 50-day SMA is recorded $97.61, while a 200-day SMA reached $77.87. Nevertheless, trading volume fell to 2.4 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for Howmet Aerospace Inc (HWM)
According to the 24-hour chart, there is a support level at 105.61, which, if violated, would cause prices to drop to 105.01. In the upper region, resistance lies at 106.77. The next price resistance is at 107.34. RSI (Relative Strength Index) is 72.25 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.37, which suggests the price will increase in the coming days. Percent R is at 5.97%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
