In a filing, ATI Inc revealed its Executive Chairman WETHERBEE ROBERT S unloaded Company’s shares for reported $1.56 million on Oct 15 ’24. In the deal valued at $62.23 per share,25,000 shares were sold. As a result of this transaction, WETHERBEE ROBERT S now holds 486,443 shares worth roughly $26.03 million.
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Then, WETHERBEE ROBERT S bought 25,000 shares, generating $1,555,750 in total proceeds.
Before that, WETHERBEE ROBERT S sold 25,000 shares. ATI Inc shares valued at $1,540,250 were divested by the Executive Chairman at a price of $61.61 per share. As a result of the transaction, WETHERBEE ROBERT S now holds 511,443 shares, worth roughly $27.37 million.
KeyBanc Capital Markets downgraded its ATI Inc [ATI] 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 September with a ‘”a Positive”‘ rating. BTIG Research began covering ATI with “Buy” recommendation on June 26, 2024. Northcoast revised its rating on June 14, 2024. It rated ATI as “a Sell” which previously was an “a Neutral”.
Price Performance Review of ATI
On Monday, ATI Inc [NYSE:ATI] saw its stock jump 0.17% to $53.51. Over the last five days, the stock has lost -15.36%. ATI Inc shares have risen nearly 17.68% since the year began. Nevertheless, the stocks have risen 31.64% over the past one year. While a 52-week high of $68.92 was reached on 07/31/24, a 52-week low of $37.94 was recorded on 02/01/24. SMA at 50 days reached $62.29, while 200 days put it at $56.22.
Levels Of Support And Resistance For ATI Stock
The 24-hour chart illustrates a support level at 52.93, which if violated will result in even more drops to 52.34. On the upside, there is a resistance level at 54.09. A further resistance level may holdings at 54.66. The Relative Strength Index (RSI) on the 14-day chart is 26.54, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -6.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.30%. Stochastics %K at 5.80% indicates the stock is a buying.
How much short interest is there in ATI Inc?
A steep rise in short interest was recorded in ATI Inc stocks on 2024-10-15, dropping by -0.38 million shares to a total of 1.92 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.3 million shares. There was a decline of -19.54%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 11, 2024 when Deutsche Bank began covering the stock and recommended ‘”a Buy”‘ rating along with a $70 price target.
