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. A.O. Smith Corp shares valued at $1,191,146 were sold by Carver Samuel M. on Aug 07 ’24. At $81.00 per share, Carver Samuel M. sold 14,705 shares. The insider’s holdings dropped to 2,399 shares worth approximately $0.16 million following the completion of this transaction.
Also, SAMUEL M CARVER purchased 14,705 shares, netting a total of over 1,191,146 in proceeds.
Before that, BROWN RONALD D had sold 3,631 shares from its account. In a trade valued at $311,071, the Director traded A.O. Smith Corp shares for $85.67 each. Upon closing the transaction, the insider’s holdings decreased to 3,631 shares, worth approximately $74041.0.
As published in a research note from Oppenheimer on January 14, 2025, A.O. Smith Corp [AOS] has been rated up from a Perform to an Outperform and the price target has been revised to $88. Analysts at UBS upgraded the stock from ‘”a Sell”‘ to ‘”a Neutral”‘ outlook in a report released in late October. As of October 23, 2024, DA Davidson has decreased its “Buy” rating to a “Neutral” for AOS. Earlier on July 24, 2024, Stifel upgraded its rating. Their new recommendation was “a Buy” for AOS stock which previously was a “a Hold”.
Analyzing AOS Stock Performance
During the last five days, there has been a drop of approximately -5.56%. Over the course of the year, A.O. Smith Corp shares have dropped approximately -1.32%. Shares of the company reached a 52-week high of $73.16 on 01/21/25 and a 52-week low of $65.53 on 01/30/25. A 50-day SMA is recorded $71.01, while a 200-day SMA reached $79.65. Nevertheless, trading volume fell to 3.23 million shares from 1.51 million shares the previous day.
Support And Resistance Levels for A.O. Smith Corp (AOS)
According to the 24-hour chart, there is a support level at 66.01, which, if violated, would cause prices to drop to 64.71. In the upper region, resistance lies at 68.13. The next price resistance is at 68.96. RSI (Relative Strength Index) is 37.05 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.55, which suggests the price will decrease in the coming days. Percent R is at 76.67%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
