ATI Inc’s recently made public that its Executive Chairman WETHERBEE ROBERT S unloaded Company’s shares for reported $1.56 million on Oct 15 ’24. In the deal valued at $62.23 per share,25,000 shares were sold. As a result of this transaction, WETHERBEE ROBERT S now holds 486,443 shares worth roughly $30.83 million.
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Then, WETHERBEE ROBERT S bought 25,000 shares, generating $1,555,750 in total proceeds.
Before that, WETHERBEE ROBERT S sold 25,000 shares. ATI Inc shares valued at $1,540,250 were divested by the Executive Chairman at a price of $61.61 per share. As a result of the transaction, WETHERBEE ROBERT S now holds 511,443 shares, worth roughly $32.42 million.
Susquehanna initiated its ATI Inc [ATI] rating to a Positive in a research note published on September 05, 2024; the price target was $75. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Northcoast also remained covering ATI and has decreased its forecast on June 14, 2024 with a “Sell” recommendation from previously “Neutral” rating. Deutsche Bank started covering the stock on April 11, 2024. It rated ATI as “a Buy”.
Price Performance Review of ATI
On Monday, ATI Inc [NYSE:ATI] saw its stock jump 0.41% to $63.38. Over the last five days, the stock has gained 0.92%. ATI Inc shares have risen nearly 39.39% since the year began. Nevertheless, the stocks have risen 73.88% over the past one year. While a 52-week high of $68.92 was reached on 07/31/24, a 52-week low of $35.03 was recorded on 02/01/24. SMA at 50 days reached $63.48, while 200 days put it at $55.44.
Levels Of Support And Resistance For ATI Stock
The 24-hour chart illustrates a support level at 62.87, which if violated will result in even more drops to 62.37. On the upside, there is a resistance level at 64.26. A further resistance level may holdings at 65.15. The Relative Strength Index (RSI) on the 14-day chart is 49.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.68%. Stochastics %K at 41.65% indicates the stock is a holding.
How much short interest is there in ATI Inc?
A steep rise in short interest was recorded in ATI Inc stocks on 2024-09-30, dropping by -3.18 million shares to a total of 1.88 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.06 million shares. There was a decline of -168.76%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 20, 2023 when Northcoast began covering the stock and recommended ‘”a Buy”‘ rating along with a $54 price target.
