In a filing, Smurfit WestRock plc revealed its insider Lorenzatto Jairo unloaded Company’s shares for reported $23784.0 on Jul 29 ’24. In the deal valued at $48.44 per share,491 shares were sold. As a result of this transaction, Lorenzatto Jairo now holds 19,033 shares worth roughly $0.99 million.
Then, Mayer Saverio sold 25,000 shares, generating $1,371,000 in total proceeds. Upon selling the shares at $54.84, the insider now owns 149,911 shares.
Before that, Saverio Mayer bought 25,000 shares. Smurfit WestRock plc shares valued at $1,369,000 were divested by the Officer at a price of $54.76 per share.
Argus initiated its Smurfit WestRock plc [SW] rating to a Buy in a research note published on December 05, 2024; the price target was $62. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in late October from “a Sector perform” to “an Outperform”. Citigroup began covering SW with “Buy” recommendation on October 23, 2024. Redburn Atlantic started covering the stock on August 23, 2024. It rated SW as “a Buy”.
Price Performance Review of SW
On Tuesday, Smurfit WestRock plc [NYSE:SW] saw its stock fall -2.32% to $52.11. Over the last five days, the stock has lost -2.82%. Smurfit WestRock plc shares have fallen nearly -3.25% since the year began. Nevertheless, the stocks have risen 38.59% over the past one year.
Levels Of Support And Resistance For SW Stock
The 24-hour chart illustrates a support level at 51.46, which if violated will result in even more drops to 50.82. On the upside, there is a resistance level at 52.90. A further resistance level may holdings at 53.69. The Relative Strength Index (RSI) on the 14-day chart is 43.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.26%. Stochastics %K at 41.48% indicates the stock is a holding.
How much short interest is there in Smurfit WestRock plc?
A steep rise in short interest was recorded in Smurfit WestRock plc stocks on 2024-12-13, dropping by -3.18 million shares to a total of 18.4 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 21.58 million shares. There was a decline of -17.31%, which implies that there is a negative sentiment for the stock.
