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A company insider recently sold 10,000 shares of Woodward Inc [WWD]. Should You Sale?

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. Woodward Inc shares valued at $1,818,545 were sold by Cromwell Thomas G on Dec 05 ’24. At $181.85 per share, Cromwell Thomas G sold 10,000 shares. The insider’s holdings dropped to 11,511 shares worth approximately $1.97 million following the completion of this transaction.

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Also, THOMAS G CROMWELL purchased 10,000 shares, netting a total of over 1,818,548 in proceeds.

Before that, COHN JOHN D had sold 2,400 shares from its account. In a trade valued at $430,968, the Director traded Woodward Inc shares for $179.57 each. Upon closing the transaction, the insider’s holdings decreased to 2,400 shares, worth approximately $3.59 million.

As published in a research note from TD Cowen on October 04, 2024, Woodward Inc [WWD] has been rated down from a Buy to a Hold and the price target has been revised to $160 from $186. Analysts at Truist upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of July 31, 2024, Jefferies has increased its “Hold” rating to a “Buy” for WWD. Earlier on July 31, 2024, Deutsche Bank downgraded its rating. Their new recommendation was “a Hold” for WWD stock which previously was a “a Buy”.

Analyzing WWD Stock Performance

During the last five days, there has been a surge of approximately 0.35%. Over the course of the year, Woodward Inc shares have jumped approximately 2.98%. Shares of the company reached a 52-week high of $171.67 on 01/02/25 and a 52-week low of $167.88 on 01/02/25. A 50-day SMA is recorded $172.54, while a 200-day SMA reached $168.43. Nevertheless, trading volume fell to 0.55 million shares from 0.26 million shares the previous day.

Support And Resistance Levels for Woodward Inc (WWD)

According to the 24-hour chart, there is a support level at 168.95, which, if violated, would cause prices to drop to 166.52. In the upper region, resistance lies at 172.74. The next price resistance is at 174.10. RSI (Relative Strength Index) is 47.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.19, which suggests the price will decrease in the coming days. Percent R is at 58.29%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.

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