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Citigroup Upgrades Warrior Met Coal Inc (HCC) to a Buy from a Neutral

Warrior Met Coal Inc’s filing revealed that its CHIEF EXECUTIVE OFFICER SCHELLER WALTER J unloaded Company’s shares for reported $0.5 million on Nov 07 ’24. In the deal valued at $75.02 per share,6,664 shares were sold. As a result of this transaction, SCHELLER WALTER J now holds 333,821 shares worth roughly $24.94 million.

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Then, SCHELLER WALTER J sold 23,148 shares, generating $1,739,572 in total proceeds. Upon selling the shares at $75.15, the CHIEF EXECUTIVE OFFICER now owns 340,485 shares.

Before that, Gant Kelli K. sold 10,000 shares. Warrior Met Coal Inc shares valued at $750,600 were divested by the CHIEF ADMINISTRATIVE OFFICER at a price of $75.06 per share. As a result of the transaction, Gant Kelli K. now holds 61,678 shares, worth roughly $4.61 million.

Citigroup upgraded its Warrior Met Coal Inc [HCC] rating to a Buy from a a Neutral in a research note published on April 11, 2024; the price target was increased to $75 from $60. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid January with a ‘”a Neutral”‘ rating. B. Riley Securities also remained covering HCC and has increased its forecast on September 23, 2022 with a “Buy” recommendation from previously “Neutral” rating. BMO Capital Markets revised its rating on August 04, 2022. It rated HCC as “a Market perform” which previously was an “an Outperform”.

Price Performance Review of HCC

On Friday, Warrior Met Coal Inc [NYSE:HCC] saw its stock fall -0.09% to $74.71. Over the last five days, the stock has gained 15.58%. Warrior Met Coal Inc shares have risen nearly 23.62% since the year began. Nevertheless, the stocks have risen 65.29% over the past one year. While a 52-week high of $75.53 was reached on 07/03/24, a 52-week low of $45.10 was recorded on 09/11/24. SMA at 50 days reached $60.76, while 200 days put it at $62.55.

Levels Of Support And Resistance For HCC Stock

The 24-hour chart illustrates a support level at 73.66, which if violated will result in even more drops to 72.62. On the upside, there is a resistance level at 75.45. A further resistance level may holdings at 76.20. The Relative Strength Index (RSI) on the 14-day chart is 76.21, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.63%. Stochastics %K at 97.95% indicates the stock is a selling.

How much short interest is there in Warrior Met Coal Inc?

A steep rise in short interest was recorded in Warrior Met Coal Inc stocks on 2024-10-15, dropping by 7256.0 shares to a total of 4.82 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 4.83 million shares. There was a decline of -0.15%, which implies that there is a negative sentiment for the stock.

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