Howmet Aerospace Inc’s filing revealed that its EVP, HR Marchuk Neil Edward unloaded Company’s shares for reported $6.85 million on Aug 23 ’24. In the deal valued at $96.94 per share,70,637 shares were sold. As a result of this transaction, Marchuk Neil Edward now holds 92,687 shares worth roughly $9.85 million.
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Then, Giacobbe Ken sold 154,909 shares, generating $14,960,414 in total proceeds. Upon selling the shares at $96.58, the EVP and CFO now owns 155,135 shares.
Before that, Marchuk Neil Edward bought 70,637 shares. Howmet Aerospace Inc shares valued at $6,847,747 were divested by the Officer at a price of $96.94 per share.
Susquehanna initiated its Howmet Aerospace Inc [HWM] rating to a Positive in a research note published on October 08, 2024; the price target was $120. 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. RBC Capital Mkts began covering HWM with “an Outperform” recommendation on March 18, 2024. Truist revised its rating on January 10, 2024. It rated HWM as “a Buy” which previously was an “a Hold”.
Price Performance Review of HWM
On Monday, Howmet Aerospace Inc [NYSE:HWM] saw its stock jump 0.74% to $106.32. Over the last five days, the stock has gained 3.58%. Howmet Aerospace Inc shares have risen nearly 96.45% since the year began. Nevertheless, the stocks have risen 143.24% over the past one year. While a 52-week high of $106.76 was reached on 10/21/24, a 52-week low of $42.94 was recorded on 01/04/24. SMA at 50 days reached $98.14, while 200 days put it at $78.40.
Levels Of Support And Resistance For HWM Stock
The 24-hour chart illustrates a support level at 105.72, which if violated will result in even more drops to 105.11. On the upside, there is a resistance level at 106.93. A further resistance level may holdings at 107.53. The Relative Strength Index (RSI) on the 14-day chart is 70.48, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.49, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.84%. Stochastics %K at 89.89% indicates the stock is a selling.
How much short interest is there in Howmet Aerospace Inc?
A steep rise in short interest was recorded in Howmet Aerospace Inc stocks on 2024-09-30, dropping by -0.19 million shares to a total of 8.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.5 million shares. There was a decline of -2.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 05, 2024 when Bernstein began covering the stock and recommended ‘”an Outperform”‘ rating along with a $67 price target.
