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 $174,752 were purchased by SMITH DAVID BYRON JR on Dec 09 ’24. At $275.20 per share, SMITH DAVID BYRON JR acquired 635 shares. The insider’s holdings grew to 121,811 shares worth approximately $33.25 million following the completion of this transaction.
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Also, Lawler Mary Katherine sold 11,647 shares, netting a total of over 3,179,049 in proceeds. Following the sale of shares at $272.95 each, the insider now holds 26,003 shares.
Before that, Lawler Mary Katherine had added 11,647 shares to its account. In a trade valued at $3,179,049, the Officer bought Illinois Tool Works, Inc shares for $272.95 each.
As published in a research note from Barclays on December 05, 2024, Illinois Tool Works, Inc [ITW] has been rated up from an Underweight to an Equal weight and the price target has been revised to $270 from $230. Analysts at Evercore ISI downgraded the stock from ‘”an In-line”‘ to ‘”an Underperform”‘ outlook in a report released in mid November. As of March 14, 2024, Truist has initiated its “Buy” rating for ITW. Earlier on February 06, 2024, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for ITW stock which previously was a “an Equal weight”.
Analyzing ITW Stock Performance
During the last five days, there has been a drop of approximately -1.07%. Over the course of the year, Illinois Tool Works, Inc shares have jumped approximately 4.21%. Shares of the company reached a 52-week high of $279.13 on 11/27/24 and a 52-week low of $232.77 on 07/01/24. A 50-day SMA is recorded $266.36, while a 200-day SMA reached $253.50. Nevertheless, trading volume fell to 0.71 million shares from 0.81 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 271.51, which, if violated, would cause prices to drop to 270.05. In the upper region, resistance lies at 275.42. The next price resistance is at 277.87. RSI (Relative Strength Index) is 53.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.42, which suggests the price will decrease in the coming days. Percent R is at 45.14%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
