Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Smurfit WestRock plc shares valued at $23,784 were sold by Lorenzatto Jairo on Jul 29 ’24. At $48.44 per share, Lorenzatto Jairo sold 491 shares. The insider’s holdings dropped to 19,033 shares worth approximately $1.05 million following the completion of this transaction.
Also, Mayer Saverio sold 25,000 shares, netting a total of over 1,371,000 in proceeds. Following the sale of shares at $54.84 each, the insider now holds 149,911 shares.
Before that, Saverio Mayer had added 25,000 shares to its account. In a trade valued at $1,369,000, the Officer bought Smurfit WestRock plc shares for $54.76 each.
As published in their initiating research note from Truist on January 21, 2025, Smurfit WestRock plc [SW] has been a Buy and the price target has been revised to $62. Analysts at Argus started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of October 31, 2024, RBC Capital Mkts has increased its “Sector perform” rating to a “an Outperform” for SW. Earlier on October 23, 2024, Citigroup initiated its rating. Their recommendation was “a Buy” for SW stock.
Analyzing SW Stock Performance
During the last five days, there has been a surge of approximately 4.57%. Over the course of the year, Smurfit WestRock plc shares have jumped approximately 2.77%. Nevertheless, trading volume fell to 4.47 million shares from 3.98 million shares the previous day.
Support And Resistance Levels for Smurfit WestRock plc (SW)
According to the 24-hour chart, there is a support level at 54.65, which, if violated, would cause prices to drop to 53.95. In the upper region, resistance lies at 55.72. The next price resistance is at 56.09. RSI (Relative Strength Index) is 61.40 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.40, which suggests the price will increase in the coming days. Percent R is at 1.32%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
