Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Honeywell International Inc shares valued at $107,494 were purchased by KEVIN BURKE on Aug 15 ’24. At $197.60 per share, KEVIN BURKE acquired 544 shares.
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Also, Adamczyk Darius sold 28,500 shares, netting a total of over 5,812,860 in proceeds. Following the sale of shares at $203.96 each, the insider now holds 203,510 shares.
Before that, Lewis Gregory P had sold 25,209 shares from its account. In a trade valued at $4,866,850, the SrVP & Chief Financial Officer traded Honeywell International Inc shares for $193.06 each. Upon closing the transaction, the insider’s holdings decreased to 25,209 shares, worth approximately $12.18 million.
As published in a research note from JP Morgan on October 10, 2024, Honeywell International Inc [HON] has been rated down from an Overweight to a Neutral and the price target has been revised to $235 from $225. Analysts at Morgan Stanley started covering the stock with ‘”an Equal-weight”‘ outlook in a report released in early September. As of April 16, 2024, Deutsche Bank has decreased its “Buy” rating to a “Hold” for HON. Earlier on March 06, 2024, Berenberg upgraded its rating. Their new recommendation was “a Buy” for HON stock which previously was a “a Hold”.
Analyzing HON Stock Performance
During the last five days, there has been a surge of approximately 2.79%. Over the course of the year, Honeywell International Inc shares have jumped approximately 4.69%. Shares of the company reached a 52-week high of $220.79 on 07/18/24 and a 52-week low of $189.66 on 02/01/24. A 50-day SMA is recorded $204.89, while a 200-day SMA reached $203.04. Nevertheless, trading volume fell to 3.13 million shares from 2.6 million shares the previous day.
Support And Resistance Levels for Honeywell International Inc (HON)
According to the 24-hour chart, there is a support level at 218.58, which, if violated, would cause prices to drop to 217.60. In the upper region, resistance lies at 220.30. The next price resistance is at 221.05. RSI (Relative Strength Index) is 75.17 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 7.86, which suggests the price will increase in the coming days. Percent R is at 2.87%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
