President – Distribution, Embree Tracy A sold 6,804 shares of Cummins Inc. [CMI]

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Cummins Inc.’s recent filing unveils that its President – Distribution Embree Tracy A unloaded Company’s shares for reported $1.63 million on Oct 31. In the deal valued at $240.13 per share,6,804 shares were sold. As a result of this transaction, Embree Tracy A now holds 18,436 shares worth roughly $ 4.36 million.


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Then, Embree Tracy A sold 3,401 shares, generating $811,655 in total proceeds. Upon selling the shares at $238.65, the President – Distribution now owns 25,240 shares.

Before that, Embree Tracy A sold 12,535 shares. Cummins Inc. shares valued at $2,985,519 were divested by the President – Distribution at a price of $238.17 per share. As a result of the transaction, Embree Tracy A now holds 18,436 shares, worth roughly $4.36 million.

PT values the company’s stock at a premium of 3.45 to its Monday closing price. A number of analysts have revised their coverage, including Bernstein’s analysts, who decreased its forecast for the stock in mid July from “an Outperform” to “a Mkt perform”. UBS revised its rating on March 18, 2022. It rated CMI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CMI

On Monday, Cummins Inc. [NYSE:CMI] saw its stock fall -0.76% to $236.55. On the same session, the stock had its day’s lowest price of $233.16, but rose to a high of $240.00. Over the last five days, the stock has lost -3.26%. Cummins Inc. shares have risen nearly 8.44% since the year began. Nevertheless, the stocks have fallen -0.22% over the past one year. While a 52-week high of $249.85 was reached on 11/02/22, a 52-week low of $184.27 was recorded on 06/23/22. SMA at 50 days reached $220.60, while 200 days put it at $210.71. A total of 1.36 million shares were traded, compared to the trading of 0.23 million shares in the previous session.

Levels Of Support And Resistance For CMI Stock

The 24-hour chart illustrates a support level at 233.14, which if violated will result in even more drops to 229.73. On the upside, there is a resistance level at 239.98. A further resistance level may holdings at 243.41. The Relative Strength Index (RSI) on the 14-day chart is 56.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.43%. Stochastics %K at 56.52% indicates the stock is a holding.

How much short interest is there in Cummins Inc.?

A steep rise in short interest was recorded in Cummins Inc. stocks on Jul 14, 2022, growing by 40000.0 shares to a total of 2.08 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 2.04 million shares. There was a rise of 1.92%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.48% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.01.

Cummins Inc. [CMI] – Who Are The Largest Shareholders?

In filings from The Vanguard Group, Inc., it is revealed that the company now owns 12,406,092 shares, or roughly 8.80% of the outstanding CMI shares. In other words, the investor’s shares have risen by 94,661 from its previous 13-F filing of 12311431.0. Additionally, BlackRock Fund Advisors decreased -1.41% of its stake after which the total value it holdings stand at $1,527,356,389, while SSgA Funds Management, Inc. reduced -2.53% of its stake to hold $1.32 billion in the firm. Over the last quarter, T. Rowe Price Associates, Inc. purchased 691,053 shares of Cummins Inc., while Capital Research & Management Co bought 301,251 shares. At present, Geode Capital Management LLC is holding 2,804,059 shares valued at $570.65 million. Charles Schwab Investment Managem owned 2,516,484 shares of the company at the time of its most recent 13F filing, worth $512.13 million.

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