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 $1.01 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.
Truist initiated its Smurfit WestRock plc [SW] rating to a Buy in a research note published on January 21, 2025; the price target was $62. A number of analysts have revised their coverage, including Argus’s analysts, who began to cover the stock in early December with a ‘”a Buy”‘ rating. RBC Capital Mkts also remained covering SW and has increased its forecast on October 31, 2024 with a “an Outperform” recommendation from previously “Sector perform” rating. Citigroup started covering the stock on October 23, 2024. It rated SW as “a Buy”.
Price Performance Review of SW
On Friday, Smurfit WestRock plc [NYSE:SW] saw its stock fall -0.32% to $53.09. Over the last five days, the stock has lost -5.23%. Smurfit WestRock plc shares have fallen nearly -1.43% since the year began. Nevertheless, the stocks have risen 54.69% over the past one year.
Levels Of Support And Resistance For SW Stock
The 24-hour chart illustrates a support level at 52.58, which if violated will result in even more drops to 52.07. On the upside, there is a resistance level at 53.84. A further resistance level may holdings at 54.59. The Relative Strength Index (RSI) on the 14-day chart is 46.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.71%. Stochastics %K at 43.40% 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 2025-01-15, dropping by -2.07 million shares to a total of 15.84 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 17.91 million shares. There was a decline of -13.07%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 23, 2024 when Redburn Atlantic began covering the stock and recommended ‘”a Buy”‘ rating along with a $60 price target.
