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A company insider recently sold 10,000 shares of Crown Holdings, Inc. [CCK]. Should You Sale?

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Crown Holdings, Inc. shares valued at $958,875 were sold by Gifford Gerard H on Oct 23 ’24. At $95.89 per share, Gifford Gerard H sold 10,000 shares. The insider’s holdings dropped to 114,402 shares worth approximately $10.89 million following the completion of this transaction.

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Also, Gifford Gerard H purchased 10,000 shares, netting a total of over 945,000 in proceeds.

Before that, DONAHUE TIMOTHY J had sold 7,500 shares from its account. In a trade valued at $697,500, the President & CEO traded Crown Holdings, Inc. shares for $93.00 each. Upon closing the transaction, the insider’s holdings decreased to 7,500 shares, worth approximately $54.38 million.

As published in a research note from Robert W. Baird on April 16, 2024, Crown Holdings, Inc. [CCK] has been rated up from a Neutral to an Outperform and the price target has been revised to $90 from $85. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late March. As of March 18, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for CCK. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for CCK stock.

Analyzing CCK Stock Performance

During the last five days, there has been a surge of approximately 1.45%. Over the course of the year, Crown Holdings, Inc. shares have jumped approximately 3.38%. Shares of the company reached a 52-week high of $98.46 on 10/18/24 and a 52-week low of $69.61 on 02/06/24. A 50-day SMA is recorded $92.35, while a 200-day SMA reached $83.67. Nevertheless, trading volume fell to 0.63 million shares from 1.06 million shares the previous day.

Support And Resistance Levels for Crown Holdings, Inc. (CCK)

According to the 24-hour chart, there is a support level at 94.63, which, if violated, would cause prices to drop to 94.05. In the upper region, resistance lies at 95.79. The next price resistance is at 96.38. RSI (Relative Strength Index) is 56.18 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.61, which suggests the price will increase in the coming days. Percent R is at 43.64%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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