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. CF Industries Holdings Inc. shares valued at $634,344 were sold by Hoker Richard A on Jun 06. At $94.90 per share, Hoker Richard A sold 6,684 shares. The insider’s holdings dropped to 45,243 shares worth approximately $4.01 million following the completion of this transaction.
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Also, Barnard Douglas C sold 32,155 shares, netting a total of over 3,253,395 in proceeds. Following the sale of shares at $101.18 each, the insider now holds 25,302 shares.
Before that, Hoker Richard A had sold 4,085 shares from its account. In a trade valued at $383,719, the VP and Corporate Controller traded CF Industries Holdings Inc. shares for $93.93 each. Upon closing the transaction, the insider’s holdings decreased to 4,085 shares, worth approximately $5.07 million.
As published in a research note from Citigroup on June 17, 2022, CF Industries Holdings Inc. [CF] has been rated down from a Buy to a Neutral and the price target has been revised to $99 from $123. This represents a 10.53% premium over Wednesday’s closing price. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early June. As of April 14, 2022, Consumer Edge Research has decreased its “an Overweight” rating to a “an Equal weight” for CF. Earlier on March 28, 2022, Scotiabank downgraded its rating. Their new recommendation was “a Sector perform” for CF stock which previously was a “a Sector outperform”.
Analyzing CF’s Price Performance
On Wednesday, CF Industries Holdings Inc. [NYSE: CF] plunged -2.37% to $88.58. The stock’s lowest price that day was $87.22, but it reached a high of $90.17 in the same session. During the last five days, there has been a drop of approximately -5.01%. Over the course of the year, CF Industries Holdings Inc. shares have jumped approximately 25.15%. Shares of the company reached a 52-week high of $113.49 on 04/13/22 and a 52-week low of $63.10 on 01/21/22. A 50-day SMA is recorded $97.88, while a 200-day SMA reached $77.14. Nevertheless, trading volume fell to 4.33 million shares from 4.39 million shares the previous day.
Support And Resistance Levels for CF Industries Holdings Inc. (CF)
According to the 24-hour chart, there is a support level at 87.14, which, if violated, would cause prices to drop to 85.71. In the upper region, resistance lies at 90.09. The next price resistance is at 91.61. RSI (Relative Strength Index) is 42.46 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.33, which suggests the price will decrease in the coming days. Percent R is at 72.04%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Which companies own the most shares of CF Industries Holdings Inc. (CF)?
According to The Vanguard Group, Inc. filings, the company currently owns 24,897,913 shares, which is about 11.94% of the total CF shares outstanding. The investor’s shares have appreciated by 129,981 from its previous 13-F filing of 24767932.0 shares. With the completion of the buy, Fidelity Management & Research Co’s stake is now worth $1,790,072,713. T. Rowe Price Associates, Inc. reduced a -12.02% interest valued at $1.25 billion while BlackRock Fund Advisors sold a -2,735,007 stake. A total of -137,038 shares of CF Industries Holdings Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -172,742 were sold by Geode Capital Management LLC. In its current portfolio, Capital Research & Management Co holds 4,016,752 shares valued at $396.73 million.
In terms of CF Industries Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $110.06 in the next 12 months, up nearly 15.73% from the previous closing price of $90.73. Analysts anticipate CF Industries Holdings Inc. stock to reach $142.00 by 2022, with the lowest price target being $93.00. In spite of this, 19 analysts ranked CF Industries Holdings Inc. stock as an Overweight at the end of 2022. On February 17, 2022, JP Morgan assigned a price target of “a Neutral” to the stock and downgraded coverage with a $75.