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. Hexcel Corp shares valued at $607,319 were sold by Merlot Thierry on Aug 30 ’24. At $63.19 per share, Merlot Thierry sold 9,611 shares. The insider’s holdings dropped to 46,371 shares worth approximately $3.12 million following the completion of this transaction.
Also, Lehman Gail E sold 4,800 shares, netting a total of over 303,744 in proceeds. Following the sale of shares at $63.28 each, the insider now holds 12,547 shares.
Before that, Lehman Gail E had added 4,800 shares to its account. In a trade valued at $303,744, the Officer bought Hexcel Corp shares for $63.28 each.
As published in a research note from RBC Capital Mkts on December 19, 2024, Hexcel Corp [HXL] has been rated up from a Sector perform to an Outperform and the price target has been revised to $74 from $68. Analysts at Vertical Research downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early October. As of August 14, 2024, RBC Capital Mkts has decreased its “an Outperform” rating to a “Sector perform” for HXL. Earlier on May 08, 2024, Wells Fargo upgraded its rating. Their new recommendation was “an Overweight” for HXL stock which previously was a “an Equal weight”.
Analyzing HXL Stock Performance
During the last five days, there has been a surge of approximately 4.50%. Over the course of the year, Hexcel Corp shares have jumped approximately 7.46%. Shares of the company reached a 52-week high of $67.47 on 01/15/25 and a 52-week low of $61.36 on 01/02/25. A 50-day SMA is recorded $62.52, while a 200-day SMA reached $63.92. Nevertheless, trading volume fell to 0.79 million shares from 0.72 million shares the previous day.
Support And Resistance Levels for Hexcel Corp (HXL)
According to the 24-hour chart, there is a support level at 66.87, which, if violated, would cause prices to drop to 66.36. In the upper region, resistance lies at 67.68. The next price resistance is at 67.98. RSI (Relative Strength Index) is 68.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.53, which suggests the price will increase in the coming days. Percent R is at 1.47%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
