Powell Industries, Inc’s filing revealed that its 10% Owner POWELL THOMAS W unloaded Company’s shares for reported $1.74 million on Nov 08 ’24. In the deal valued at $347.74 per share,5,000 shares were sold. As a result of this transaction, POWELL THOMAS W now holds 677,265 shares worth roughly $166.47 million.
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Then, POWELL THOMAS W sold 5,000 shares, generating $1,723,380 in total proceeds. Upon selling the shares at $344.68, the 10% Owner now owns 1,623,328 shares.
Before that, POWELL THOMAS W bought 60,000 shares. Powell Industries, Inc shares valued at $20,616,600 were divested by the 10% Owner at a price of $343.61 per share.
ROTH MKM initiated its Powell Industries, Inc [POWL] rating to a Buy in a research note published on December 11, 2024; the price target was $312. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early June from “a Buy” to “a Neutral”. Sidoti also remained covering POWL and has increased its forecast on March 29, 2022 with a “Buy” recommendation from previously “Neutral” rating. Sidoti revised its rating on August 11, 2020. It rated POWL as “a Neutral” which previously was an “a Buy”.
Price Performance Review of POWL
On Friday, Powell Industries, Inc [NASDAQ:POWL] saw its stock jump 0.96% to $245.80. Over the last five days, the stock has lost -2.46%. Powell Industries, Inc shares have risen nearly 178.05% since the year began. Nevertheless, the stocks have risen 171.21% over the past one year. While a 52-week high of $364.98 was reached on 11/11/24, a 52-week low of $76.29 was recorded on 01/26/24. SMA at 50 days reached $276.98, while 200 days put it at $191.71.
Levels Of Support And Resistance For POWL Stock
The 24-hour chart illustrates a support level at 234.88, which if violated will result in even more drops to 223.95. On the upside, there is a resistance level at 256.89. A further resistance level may holdings at 267.97. The Relative Strength Index (RSI) on the 14-day chart is 43.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -18.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.37%. Stochastics %K at 17.41% indicates the stock is a buying.
How much short interest is there in Powell Industries, Inc?
A steep rise in short interest was recorded in Powell Industries, Inc stocks on 2024-10-31, growing by 0.14 million shares to a total of 1.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.56 million shares. There was a rise of 8.49%, which implies that there is a positive sentiment for the stock.
