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 $355,920 were sold by Noonan Anne P on Aug 26. At $118.64 per share, Noonan Anne P sold 3,000 shares. The insider’s holdings dropped to 26,411 shares worth approximately $2.68 million following the completion of this transaction.
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Also, Frost Bert A sold 20,964 shares, netting a total of over 2,348,098 in proceeds. Following the sale of shares at $112.01 each, the insider now holds 41,424 shares.
Before that, Will W Anthony had sold 102,520 shares from its account. In a trade valued at $11,293,800, the President & CEO traded CF Industries Holdings Inc. shares for $110.16 each. Upon closing the transaction, the insider’s holdings decreased to 102,520 shares, worth approximately $32.79 million.
As published in a research note from Barclays on August 10, 2022, CF Industries Holdings Inc. [CF] has been rated up from an Equal weight to an Overweight and the price target has been revised to $120 from $103. This represents a 15.39% premium over Thursday’s closing price. Analysts at Citigroup upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early August. As of July 14, 2022, Credit Suisse has initiated its “an Underperform” rating for CF. Earlier on June 17, 2022, Citigroup downgraded its rating. Their new recommendation was “a Neutral” for CF stock which previously was a “a Buy”.
Analyzing CF’s Price Performance
On Thursday, CF Industries Holdings Inc. [NYSE: CF] plunged -0.17% to $101.53. The stock’s lowest price that day was $101.40, but it reached a high of $104.34 in the same session. During the last five days, there has been a surge of approximately 0.41%. Over the course of the year, CF Industries Holdings Inc. shares have jumped approximately 43.44%. Shares of the company reached a 52-week high of $119.60 on 08/26/22 and a 52-week low of $63.10 on 01/21/22. A 50-day SMA is recorded $99.82, while a 200-day SMA reached $89.49. Nevertheless, trading volume fell to 1.46 million shares from 1.87 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 100.51, which, if violated, would cause prices to drop to 99.48. In the upper region, resistance lies at 103.45. The next price resistance is at 105.36. RSI (Relative Strength Index) is 48.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.25, which suggests the price will decrease in the coming days. Percent R is at 52.12%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is CF Industries Holdings Inc. subject to short interest?
Stocks of CF Industries Holdings Inc. saw a sharp steep in short interest on Jul 14, 2022 dropping by -2.03 million shares to 6.57 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 8.6 million shares. A decline of -30.9% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.77 of the overall float, the days-to-cover ratio (short ratio) decline to 1.77.
Which companies own the most shares of CF Industries Holdings Inc. (CF)?
According to The Vanguard Group, Inc. filings, the company currently owns 25,220,478 shares, which is about 12.66% of the total CF shares outstanding. The investor’s shares have appreciated by 322,565 from its previous 13-F filing of 24897913.0 shares. With the completion of the sale transaction, Fidelity Management & Research Co’s stake is now worth $1,869,646,042. T. Rowe Price Associates, Inc. reduced a -10.92% interest valued at $1.16 billion while BlackRock Fund Advisors sold a -683 stake. A total of -314,707 shares of CF Industries Holdings Inc. were sold by SSgA Funds Management, Inc. during the quarter, and -173,746 were sold by Geode Capital Management LLC. In its current portfolio, Northern Trust Investments, Inc. holds 3,603,656 shares valued at $372.83 million.