In a filing, Illinois Tool Works, Inc revealed its Officer Zimmerman Michael R. acquired Company’s shares for reported $4.12 million on Nov 01 ’24. In the deal valued at $263.24 per share,15,657 shares were bought.
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Then, SMITH DAVID BYRON JR bought 775 shares, generating $185,086 in total proceeds. Upon buying the shares at $238.82, the Director now owns 121,506 shares.
Before that, Larsen Michael M sold 37,167 shares. Illinois Tool Works, Inc shares valued at $9,851,485 were divested by the SVP & CFO at a price of $265.06 per share. As a result of the transaction, Larsen Michael M now holds 46,404 shares, worth roughly $12.25 million.
Truist initiated its Illinois Tool Works, Inc [ITW] rating to a Buy in a research note published on March 14, 2024; the price target was $301. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early February from “an Equal weight” to “an Underweight”. BofA Securities also remained covering ITW and has decreased its forecast on January 10, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Vertical Research revised its rating on January 03, 2023. It rated ITW as “a Hold” which previously was an “a Buy”.
Price Performance Review of ITW
On Monday, Illinois Tool Works, Inc [NYSE:ITW] saw its stock jump 0.30% to $263.88. Over the last five days, the stock has gained 2.73%. Illinois Tool Works, Inc shares have risen nearly 0.74% since the year began. Nevertheless, the stocks have risen 13.88% over the past one year. While a 52-week high of $271.15 was reached on 03/22/24, a 52-week low of $225.88 was recorded on 07/01/24. SMA at 50 days reached $255.79, while 200 days put it at $251.54.
Levels Of Support And Resistance For ITW Stock
The 24-hour chart illustrates a support level at 262.10, which if violated will result in even more drops to 260.33. On the upside, there is a resistance level at 265.55. A further resistance level may holdings at 267.23. The Relative Strength Index (RSI) on the 14-day chart is 60.53, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.47, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.61%. Stochastics %K at 78.12% indicates the stock is a holding.
How much short interest is there in Illinois Tool Works, Inc?
A steep rise in short interest was recorded in Illinois Tool Works, Inc stocks on 2024-10-15, growing by 0.16 million shares to a total of 6.25 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.09 million shares. There was a rise of 2.55%, which implies that there is a positive sentiment for the stock.
