Ashland Inc’s recent filing unveils that its Chair of the Board and CEO NOVO GUILLERMO acquired Company’s shares for reported $2.01 million on Jan 31 ’25. In the deal valued at $64.24 per share,31,294 shares were bought. As a result of this transaction, NOVO GUILLERMO now holds 31,294 shares worth roughly $1.8 million.
Then, Assis Alessandra Faccin bought 3,150 shares, generating $201,600 in total proceeds. Upon buying the shares at $64.00, the SVP and GM, Life Sciences now owns 3,150 shares.
Before that, BONI ERIC N sold 451 shares. Ashland Inc shares valued at $35,210 were divested by the VP, Finance & Prinpl Acctg Off at a price of $78.07 per share. As a result of the transaction, BONI ERIC N now holds 14,182 shares, worth roughly $0.81 million.
Seaport Research Partners downgraded its Ashland Inc [ASH] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early August from “an Underweight” to “a Neutral”. Wells Fargo also remained covering ASH and has increased its forecast on April 11, 2024 with a “an Overweight” recommendation from previously “an Equal weight” rating. Jefferies revised its rating on March 14, 2024. It rated ASH as “a Buy” which previously was an “a Hold”.
Price Performance Review of ASH
On Monday, Ashland Inc [NYSE:ASH] saw its stock fall -1.73% to $57.36. Over the last five days, the stock has lost -1.81%. Ashland Inc shares have fallen nearly -19.73% since the year began. Nevertheless, the stocks have fallen -39.86% over the past one year. While a 52-week high of $102.50 was reached on 01/21/25, a 52-week low of $56.46 was recorded on 03/04/25. SMA at 50 days reached $66.39, while 200 days put it at $82.34.
Levels Of Support And Resistance For ASH Stock
The 24-hour chart illustrates a support level at 56.60, which if violated will result in even more drops to 55.85. On the upside, there is a resistance level at 58.67. A further resistance level may holdings at 59.99. The Relative Strength Index (RSI) on the 14-day chart is 31.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.14%. Stochastics %K at 18.48% indicates the stock is a buying.
The most recent change occurred on March 01, 2024 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $108 price target.
