Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Howmet Aerospace Inc shares valued at $6,847,749 were sold by Marchuk Neil Edward on Aug 23 ’24. At $96.94 per share, Marchuk Neil Edward sold 70,637 shares. The insider’s holdings dropped to 92,687 shares worth approximately $9.33 million following the completion of this transaction.
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Also, Giacobbe Ken sold 154,909 shares, netting a total of over 14,960,414 in proceeds. Following the sale of shares at $96.58 each, the insider now holds 155,135 shares.
Before that, Marchuk Neil Edward had added 70,637 shares to its account. In a trade valued at $6,847,747, the Officer bought Howmet Aerospace Inc shares for $96.94 each.
As published in a research note from KeyBanc Capital Markets on October 24, 2024, Howmet Aerospace Inc [HWM] has been rated down from an Overweight to a Sector weight. Analysts at Susquehanna started covering the stock with ‘”a Positive”‘ outlook in a report released in early October. As of June 26, 2024, BTIG Research has initiated its “Buy” rating for HWM. Earlier on March 18, 2024, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for HWM stock.
Analyzing HWM Stock Performance
During the last five days, there has been a drop of approximately -5.26%. Over the course of the year, Howmet Aerospace Inc shares have jumped approximately 85.92%. Shares of the company reached a 52-week high of $106.93 on 10/21/24 and a 52-week low of $52.56 on 01/04/24. A 50-day SMA is recorded $98.65, while a 200-day SMA reached $79.12. Nevertheless, trading volume fell to 1.98 million shares from 1.85 million shares the previous day.
Support And Resistance Levels for Howmet Aerospace Inc (HWM)
According to the 24-hour chart, there is a support level at 99.16, which, if violated, would cause prices to drop to 97.69. In the upper region, resistance lies at 102.08. The next price resistance is at 103.53. RSI (Relative Strength Index) is 47.30 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.64, which suggests the price will decrease in the coming days. Percent R is at 81.11%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
