Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Powell Industries, Inc. shares valued at $642,402 were sold by POWELL THOMAS W on Oct 11 ’24. At $262.10 per share, POWELL THOMAS W sold 2,451 shares. The insider’s holdings dropped to 1,628,328 shares worth approximately $415.5 million following the completion of this transaction.
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Also, POWELL THOMAS W sold 17,549 shares, netting a total of over 4,498,398 in proceeds. Following the sale of shares at $256.33 each, the insider now holds 1,630,779 shares.
Before that, POWELL THOMAS W had sold 10,000 shares from its account. In a trade valued at $2,517,764, the 10% Owner traded Powell Industries, Inc. shares for $251.78 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $420.6 million.
As published in a research note from Sidoti on June 10, 2022, Powell Industries, Inc. [POWL] has been rated down from a Buy to a Neutral. Analysts at Sidoti upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late March. As of August 11, 2020, Sidoti has decreased its “Buy” rating to a “Neutral” for POWL. Earlier on March 19, 2020, Sidoti upgraded its rating. Their new recommendation was “a Buy” for POWL stock which previously was a “a Neutral”.
Analyzing POWL Stock Performance
During the last five days, there has been a drop of approximately -8.99%. Over the course of the year, Powell Industries, Inc. shares have jumped approximately 188.65%. Shares of the company reached a 52-week high of $284.45 on 10/17/24 and a 52-week low of $76.29 on 01/26/24. A 50-day SMA is recorded $205.08, while a 200-day SMA reached $160.39. Nevertheless, trading volume fell to 0.54 million shares from 0.37 million shares the previous day.
Support And Resistance Levels for Powell Industries, Inc. (POWL)
According to the 24-hour chart, there is a support level at 246.29, which, if violated, would cause prices to drop to 237.41. In the upper region, resistance lies at 263.75. The next price resistance is at 272.33. RSI (Relative Strength Index) is 58.24 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 5.50, which suggests the price will increase in the coming days. Percent R is at 59.88%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
