ATI Inc’s recent filing unveils that its Executive Chairman WETHERBEE ROBERT S unloaded Company’s shares for reported $1.41 million on Nov 15 ’24. In the deal valued at $56.35 per share,25,000 shares were sold. As a result of this transaction, WETHERBEE ROBERT S now holds 461,443 shares worth roughly $27.76 million.
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Then, WETHERBEE ROBERT S bought 25,000 shares, generating $1,408,750 in total proceeds.
Before that, WETHERBEE ROBERT S sold 25,000 shares. ATI Inc shares valued at $1,555,750 were divested by the Executive Chairman at a price of $62.23 per share. As a result of the transaction, WETHERBEE ROBERT S now holds 486,443 shares, worth roughly $29.26 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 1.43% to $60.15. Over the last five days, the stock has gained 5.92%. ATI Inc shares have risen nearly 32.29% since the year began. Nevertheless, the stocks have risen 36.27% over the past one year. While a 52-week high of $68.92 was reached on 07/31/24, a 52-week low of $38.04 was recorded on 02/01/24. SMA at 50 days reached $61.06, while 200 days put it at $57.49.
Levels Of Support And Resistance For ATI Stock
The 24-hour chart illustrates a support level at 59.43, which if violated will result in even more drops to 58.70. On the upside, there is a resistance level at 60.71. A further resistance level may holdings at 61.26. The Relative Strength Index (RSI) on the 14-day chart is 55.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.92%. Stochastics %K at 84.68% indicates the stock is a selling.
How much short interest is there in ATI Inc?
A steep rise in short interest was recorded in ATI Inc stocks on 2024-10-31, growing by 0.57 million shares to a total of 2.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.88 million shares. There was a rise of 23.16%, which implies that there is a positive 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.
