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Morgan Stanley upgrades Crown Holdings, Inc (CCK) rating to an Overweight

Crown Holdings, Inc’s recently made public that its President & CEO DONAHUE TIMOTHY J unloaded Company’s shares for reported $0.73 million on Nov 06 ’24. In the deal valued at $96.73 per share,7,500 shares were sold. As a result of this transaction, DONAHUE TIMOTHY J now holds 563,678 shares worth roughly $ 50.33 million.

Then, DONAHUE TIMOTHY J bought 7,500 shares, generating $725,475 in total proceeds.

Before that, Gifford Gerard H sold 10,000 shares. Crown Holdings, Inc shares valued at $958,875 were divested by the EVP & COO at a price of $95.89 per share. As a result of the transaction, Gifford Gerard H now holds 114,402 shares, worth roughly $10.21 million.

Morgan Stanley upgraded its Crown Holdings, Inc [CCK] rating to an Overweight from a an Equal-weight in a research note published on January 13, 2025; the price target was decreased to $105 from $109. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who increased its forecast for the stock in mid April from “a Neutral” to “an Outperform”. Truist also remained covering CCK and has decreased its forecast on March 27, 2024 with a “Hold” recommendation from previously “Buy” rating. Morgan Stanley started covering the stock on March 18, 2024. It rated CCK as “an Equal-weight”.

Price Performance Review of CCK

On Tuesday, Crown Holdings, Inc [NYSE:CCK] saw its stock jump 1.42% to $89.28. Over the last five days, the stock has gained 1.28%. Crown Holdings, Inc shares have risen nearly 7.97% since the year began. Nevertheless, the stocks have risen 21.52% over the past one year. While a 52-week high of $98.46 was reached on 02/06/25, a 52-week low of $70.84 was recorded on 01/10/25. SMA at 50 days reached $85.77, while 200 days put it at $86.75.

Levels Of Support And Resistance For CCK Stock

The 24-hour chart illustrates a support level at 87.99, which if violated will result in even more drops to 86.71. On the upside, there is a resistance level at 90.06. A further resistance level may holdings at 90.85. The Relative Strength Index (RSI) on the 14-day chart is 58.85, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.01%. Stochastics %K at 52.15% indicates the stock is a holding.

The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $102 price target.

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