In a filing, Illinois Tool Works, Inc revealed its SVP & Chief HR Officer Lawler Mary Katherine unloaded Company’s shares for reported $3.18 million on Nov 06 ’24. In the deal valued at $272.95 per share,11,647 shares were sold. As a result of this transaction, Lawler Mary Katherine now holds 26,003 shares worth roughly $7.22 million.
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Then, Lawler Mary Katherine bought 11,647 shares, generating $3,179,049 in total proceeds.
Before that, Zimmerman Michael R. bought 15,657 shares. Illinois Tool Works, Inc shares valued at $4,121,577 were divested by the Officer at a price of $263.24 per share.
Evercore ISI downgraded its Illinois Tool Works, Inc [ITW] rating to an Underperform from a an In-line in a research note published on November 13, 2024; the price target was increased to $255 from $246. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid March with a ‘”a Buy”‘ rating. Wells Fargo also remained covering ITW and has decreased its forecast on February 06, 2024 with a “an Underweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on January 10, 2024. It rated ITW as “an Underperform” which previously was an “a Neutral”.
Price Performance Review of ITW
On Friday, Illinois Tool Works, Inc [NYSE:ITW] saw its stock jump 0.54% to $277.52. Over the last five days, the stock has gained 2.84%. Illinois Tool Works, Inc shares have risen nearly 5.95% since the year began. Nevertheless, the stocks have risen 15.23% over the past one year. While a 52-week high of $279.13 was reached on 11/27/24, a 52-week low of $232.77 was recorded on 07/01/24. SMA at 50 days reached $263.90, while 200 days put it at $252.83.
Levels Of Support And Resistance For ITW Stock
The 24-hour chart illustrates a support level at 275.12, which if violated will result in even more drops to 272.73. On the upside, there is a resistance level at 279.34. A further resistance level may holdings at 281.17. The Relative Strength Index (RSI) on the 14-day chart is 66.05, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.40, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.86%. Stochastics %K at 82.48% indicates the stock is a selling.
How much short interest is there in Illinois Tool Works, Inc?
A steep rise in short interest was recorded in Illinois Tool Works, Inc stocks on 2024-11-15, dropping by -0.72 million shares to a total of 5.53 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 6.25 million shares. There was a decline of -12.96%, which implies that there is a negative sentiment for the stock.
