Howmet Aerospace Inc’s recently made public 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 $9.25 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.
KeyBanc Capital Markets downgraded its Howmet Aerospace Inc [HWM] rating to a Sector weight from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Susquehanna’s analysts, who began to cover the stock in early October with a ‘”a Positive”‘ rating. BTIG Research began covering HWM with “Buy” recommendation on June 26, 2024. RBC Capital Mkts started covering the stock on March 18, 2024. It rated HWM as “an Outperform”.
Price Performance Review of HWM
On Monday, Howmet Aerospace Inc [NYSE:HWM] saw its stock fall -0.19% to $99.84. Over the last five days, the stock has lost -2.48%. Howmet Aerospace Inc shares have risen nearly 84.48% since the year began. Nevertheless, the stocks have risen 106.92% over the past one year. While a 52-week high of $106.93 was reached on 10/21/24, a 52-week low of $47.72 was recorded on 01/04/24. SMA at 50 days reached $99.28, while 200 days put it at $80.72.
Levels Of Support And Resistance For HWM Stock
The 24-hour chart illustrates a support level at 99.14, which if violated will result in even more drops to 98.45. On the upside, there is a resistance level at 100.79. A further resistance level may holdings at 101.74. The Relative Strength Index (RSI) on the 14-day chart is 45.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.53%. Stochastics %K at 12.76% indicates the stock is a buying.
How much short interest is there in Howmet Aerospace Inc?
A steep rise in short interest was recorded in Howmet Aerospace Inc stocks on 2024-10-15, dropping by -0.36 million shares to a total of 7.9 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.26 million shares. There was a decline of -4.6%, which implies that there is a negative sentiment for the stock.
