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. Smurfit WestRock plc shares valued at $1,371,000 were sold by Mayer Saverio on Dec 02 ’24. At $54.84 per share, Mayer Saverio sold 25,000 shares. The insider’s holdings dropped to 149,911 shares worth approximately $7.76 million following the completion of this transaction.
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Also, Saverio Mayer purchased 25,000 shares, netting a total of over 1,369,000 in proceeds.
As published in their initiating research note from Argus on December 05, 2024, Smurfit WestRock plc [SW] has been a Buy and the price target has been revised to $62. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in late October. As of October 23, 2024, Citigroup has initiated its “Buy” rating for SW. Earlier on August 23, 2024, Redburn Atlantic initiated its rating. Their recommendation was “a Buy” for SW stock.
Analyzing SW Stock Performance
During the last five days, there has been a drop of approximately -3.25%. Over the course of the year, Smurfit WestRock plc shares have jumped approximately 26.78%. Nevertheless, trading volume fell to 4.24 million shares from 3.58 million shares the previous day.
Support And Resistance Levels for Smurfit WestRock plc (SW)
According to the 24-hour chart, there is a support level at 50.87, which, if violated, would cause prices to drop to 50.00. In the upper region, resistance lies at 53.44. The next price resistance is at 55.14. RSI (Relative Strength Index) is 41.58 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 98.95%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
