Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. ATI Inc shares valued at $1,408,750 were sold by WETHERBEE ROBERT S on Nov 15 ’24. At $56.35 per share, WETHERBEE ROBERT S sold 25,000 shares. The insider’s holdings dropped to 461,443 shares worth approximately $26.84 million following the completion of this transaction.
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Also, WETHERBEE ROBERT S purchased 25,000 shares, netting a total of over 1,408,750 in proceeds.
Before that, WETHERBEE ROBERT S had sold 25,000 shares from its account. In a trade valued at $1,555,750, the Executive Chairman traded ATI Inc shares for $62.23 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $28.29 million.
As published in a research note from KeyBanc Capital Markets on October 24, 2024, ATI Inc [ATI] has been rated down from an Overweight to a Sector weight. Analysts at Susquehanna started covering the stock with ‘”a Positive”‘ outlook in a report released in early September. As of June 26, 2024, BTIG Research has initiated its “Buy” rating for ATI. Earlier on June 14, 2024, Northcoast downgraded its rating. Their new recommendation was “a Sell” for ATI stock which previously was a “a Neutral”.
Analyzing ATI Stock Performance
During the last five days, there has been a surge of approximately 3.51%. Over the course of the year, ATI Inc shares have jumped approximately 27.91%. Shares of the company reached a 52-week high of $68.92 on 07/31/24 and a 52-week low of $38.04 on 02/01/24. A 50-day SMA is recorded $61.14, while a 200-day SMA reached $57.31. Nevertheless, trading volume fell to 1.15 million shares from 0.74 million shares the previous day.
Support And Resistance Levels for ATI Inc (ATI)
According to the 24-hour chart, there is a support level at 57.53, which, if violated, would cause prices to drop to 56.90. In the upper region, resistance lies at 59.00. The next price resistance is at 59.84. RSI (Relative Strength Index) is 48.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.89, which suggests the price will decrease in the coming days. Percent R is at 26.82%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
