Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Powell Industries, Inc shares valued at $1,738,701 were sold by POWELL THOMAS W on Nov 08 ’24. At $347.74 per share, POWELL THOMAS W sold 5,000 shares. The insider’s holdings dropped to 677,265 shares worth approximately $156.64 million following the completion of this transaction.
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Also, POWELL THOMAS W sold 5,000 shares, netting a total of over 1,723,380 in proceeds. Following the sale of shares at $344.68 each, the insider now holds 1,623,328 shares.
Before that, POWELL THOMAS W had added 60,000 shares to its account. In a trade valued at $20,616,600, the 10% Owner bought Powell Industries, Inc shares for $343.61 each.
As published in their initiating research note from ROTH MKM on December 11, 2024, Powell Industries, Inc [POWL] has been a Buy and the price target has been revised to $312. Analysts at Sidoti downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of March 29, 2022, Sidoti has increased its “Neutral” rating to a “Buy” for POWL. Earlier on August 11, 2020, Sidoti downgraded its rating. Their new recommendation was “a Neutral” for POWL stock which previously was a “a Buy”.
Analyzing POWL Stock Performance
During the last five days, there has been a drop of approximately -0.30%. Over the course of the year, Powell Industries, Inc shares have jumped approximately 161.63%. Shares of the company reached a 52-week high of $364.98 on 11/11/24 and a 52-week low of $76.29 on 01/26/24. A 50-day SMA is recorded $275.06, while a 200-day SMA reached $192.89. Nevertheless, trading volume fell to 0.48 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Powell Industries, Inc (POWL)
According to the 24-hour chart, there is a support level at 226.94, which, if violated, would cause prices to drop to 222.60. In the upper region, resistance lies at 235.29. The next price resistance is at 239.29. RSI (Relative Strength Index) is 39.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -15.80, which suggests the price will decrease in the coming days. Percent R is at 93.05%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
