Taking this into account, Citigroup initiated its Smurfit WestRock plc [SW] rating to a Buy in a research note published on October 23, 2024; the price target was $57. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Morgan Stanley started covering the stock on July 19, 2024. It rated SW as “an Overweight”.
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Price Performance Review of SW
On Tuesday, Smurfit WestRock plc [NYSE:SW] saw its stock fall -1.28% to $44.71. Over the last five days, the stock has gained 0.38%. Smurfit WestRock plc shares have risen nearly 9.56% since the year began. Nevertheless, the stocks have risen 24.61% over the past one year.
Levels Of Support And Resistance For SW Stock
The 24-hour chart illustrates a support level at 44.39, which if violated will result in even more drops to 44.06. On the upside, there is a resistance level at 45.09. A further resistance level may holdings at 45.46. The Relative Strength Index (RSI) on the 14-day chart is 44.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.46%. Stochastics %K at 58.58% indicates the stock is a holding.
How much short interest is there in Smurfit WestRock plc?
A steep rise in short interest was recorded in Smurfit WestRock plc stocks on 2024-10-15, growing by 3.31 million shares to a total of 16.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 13.6 million shares. There was a rise of 19.56%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on July 12, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”a Sector perform”‘ rating along with a $52 price target.
