Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Hexcel Corp shares valued at $607,319 were sold by Merlot Thierry on Aug 30 ’24. At $63.19 per share, Merlot Thierry sold 9,611 shares. The insider’s holdings dropped to 46,371 shares worth approximately $2.76 million following the completion of this transaction.
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Also, Lehman Gail E sold 4,800 shares, netting a total of over 303,744 in proceeds. Following the sale of shares at $63.28 each, the insider now holds 12,547 shares.
Before that, Lehman Gail E had added 4,800 shares to its account. In a trade valued at $303,744, the Officer bought Hexcel Corp shares for $63.28 each.
As published in a research note from Vertical Research on October 10, 2024, Hexcel Corp [HXL] has been rated down from a Buy to a Hold and the price target has been revised to $65. Analysts at RBC Capital Mkts downgraded the stock from ‘”an Outperform”‘ to ‘”a Sector perform”‘ outlook in a report released in mid August. As of May 08, 2024, Wells Fargo has increased its “an Equal weight” rating to a “an Overweight” for HXL. Earlier on April 10, 2024, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for HXL stock which previously was a “a Buy”.
Analyzing HXL Stock Performance
During the last five days, there has been a drop of approximately -0.85%. Over the course of the year, Hexcel Corp shares have dropped approximately -19.29%. Shares of the company reached a 52-week high of $77.09 on 03/07/24 and a 52-week low of $57.50 on 10/10/24. A 50-day SMA is recorded $60.97, while a 200-day SMA reached $65.65. Nevertheless, trading volume fell to 0.57 million shares from 0.82 million shares the previous day.
Support And Resistance Levels for Hexcel Corp (HXL)
According to the 24-hour chart, there is a support level at 58.59, which, if violated, would cause prices to drop to 57.67. In the upper region, resistance lies at 60.12. The next price resistance is at 60.73. RSI (Relative Strength Index) is 44.43 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.35, which suggests the price will decrease in the coming days. Percent R is at 69.05%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
