The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Illinois Tool Works, Inc shares valued at $3,179,049 were sold by Lawler Mary Katherine on Nov 06 ’24. At $272.95 per share, Lawler Mary Katherine sold 11,647 shares. The insider’s holdings dropped to 26,003 shares worth approximately $7.02 million following the completion of this transaction.
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Also, Lawler Mary Katherine purchased 11,647 shares, netting a total of over 3,179,049 in proceeds.
Before that, Zimmerman Michael R. had added 15,657 shares to its account. In a trade valued at $4,121,577, the Officer bought Illinois Tool Works, Inc shares for $263.24 each.
As published in a research note from Evercore ISI on November 13, 2024, Illinois Tool Works, Inc [ITW] has been rated down from an In-line to an Underperform and the price target has been revised to $255 from $246. Analysts at Truist started covering the stock with ‘”a Buy”‘ outlook in a report released in mid March. As of February 06, 2024, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for ITW. Earlier on January 10, 2024, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for ITW stock which previously was a “a Neutral”.
Analyzing ITW Stock Performance
During the last five days, there has been a drop of approximately -0.01%. Over the course of the year, Illinois Tool Works, Inc shares have jumped approximately 3.02%. Shares of the company reached a 52-week high of $277.58 on 11/06/24 and a 52-week low of $232.77 on 07/01/24. A 50-day SMA is recorded $261.75, while a 200-day SMA reached $252.29. Nevertheless, trading volume fell to 0.76 million shares from 0.86 million shares the previous day.
Support And Resistance Levels for Illinois Tool Works, Inc (ITW)
According to the 24-hour chart, there is a support level at 266.48, which, if violated, would cause prices to drop to 263.11. In the upper region, resistance lies at 272.20. The next price resistance is at 274.56. RSI (Relative Strength Index) is 57.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.60, which suggests the price will decrease in the coming days. Percent R is at 49.61%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
