Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. A.O. Smith Corp shares valued at $1,191,146 were sold by Carver Samuel M. on Aug 07 ’24. At $81.00 per share, Carver Samuel M. sold 14,705 shares. The insider’s holdings dropped to 2,399 shares worth approximately $0.17 million following the completion of this transaction.
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Also, SAMUEL M CARVER purchased 14,705 shares, netting a total of over 1,191,146 in proceeds.
Before that, BROWN RONALD D had sold 3,631 shares from its account. In a trade valued at $311,071, the Director traded A.O. Smith Corp shares for $85.67 each. Upon closing the transaction, the insider’s holdings decreased to 3,631 shares, worth approximately $75779.0.
As published in a research note from UBS on October 23, 2024, A.O. Smith Corp [AOS] has been rated up from a Sell to a Neutral and the price target has been revised to $80 from $75. Analysts at DA Davidson downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of July 24, 2024, Stifel has increased its “Hold” rating to a “Buy” for AOS. Earlier on August 07, 2023, Seaport Research Partners initiated its rating. Their recommendation was “a Neutral” for AOS stock.
Analyzing AOS Stock Performance
During the last five days, there has been a drop of approximately -0.03%. Over the course of the year, A.O. Smith Corp shares have dropped approximately -16.44%. Shares of the company reached a 52-week high of $92.44 on 07/18/24 and a 52-week low of $68.07 on 12/20/24. A 50-day SMA is recorded $73.95, while a 200-day SMA reached $81.62. Nevertheless, trading volume fell to 0.67 million shares from 0.38 million shares the previous day.
Support And Resistance Levels for A.O. Smith Corp (AOS)
According to the 24-hour chart, there is a support level at 68.49, which, if violated, would cause prices to drop to 68.09. In the upper region, resistance lies at 69.26. The next price resistance is at 69.64. RSI (Relative Strength Index) is 30.09 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.12, which suggests the price will decrease in the coming days. Percent R is at 87.09%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
