Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Crown Holdings, Inc shares valued at $725,475 were sold by DONAHUE TIMOTHY J on Nov 06 ’24. At $96.73 per share, DONAHUE TIMOTHY J sold 7,500 shares. The insider’s holdings dropped to 563,678 shares worth approximately $45.78 million following the completion of this transaction.
Also, DONAHUE TIMOTHY J purchased 7,500 shares, netting a total of over 725,475 in proceeds.
Before that, Gifford Gerard H had sold 10,000 shares from its account. In a trade valued at $958,875, the EVP & COO traded Crown Holdings, Inc shares for $95.89 each. Upon closing the transaction, the insider’s holdings decreased to 10,000 shares, worth approximately $9.29 million.
As published in a research note from Robert W. Baird on April 16, 2024, Crown Holdings, Inc [CCK] has been rated up from a Neutral to an Outperform and the price target has been revised to $90 from $85. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late March. As of March 18, 2024, Morgan Stanley has initiated its “an Equal-weight” rating for CCK. Earlier on March 01, 2024, Wolfe Research initiated its rating. Their recommendation was “an Outperform” for CCK stock.
Analyzing CCK Stock Performance
During the last five days, there has been a drop of approximately -2.97%. Over the course of the year, Crown Holdings, Inc shares have dropped approximately -1.79%. Shares of the company reached a 52-week high of $83.22 on 01/02/25 and a 52-week low of $81.07 on 01/02/25. A 50-day SMA is recorded $89.96, while a 200-day SMA reached $85.61. Nevertheless, trading volume fell to 0.7 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for Crown Holdings, Inc (CCK)
According to the 24-hour chart, there is a support level at 80.44, which, if violated, would cause prices to drop to 79.68. In the upper region, resistance lies at 82.60. The next price resistance is at 83.99. RSI (Relative Strength Index) is 26.14 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.02, which suggests the price will decrease in the coming days. Percent R is at 98.13%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
