Senior Vice President Hofmeister Brandon J. sold 1,000 shares of CMS Energy Corporation [CMS]

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CMS Energy Corporation shares valued at $57,900 were sold by Hofmeister Brandon J. on Dec 07. At $57.90 per share, Hofmeister Brandon J. sold 1,000 shares. The insider’s holdings dropped to 61,156 shares worth approximately $3.5 million following the completion of this transaction.

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Also, Rich Brian F sold 5,000 shares, netting a total of over 274,500 in proceeds. Following the sale of shares at $54.90 each, the insider now holds 88,175 shares.

Before that, RUSSELL JOHN G had sold 19,000 shares from its account. In a trade valued at $1,054,993, the Director traded CMS Energy Corporation shares for $55.53 each. Upon closing the transaction, the insider’s holdings decreased to 19,000 shares, worth approximately $9.71 million.

As published in a research note from Wolfe Research on January 16, 2024, CMS Energy Corporation [CMS] has been rated up from a Peer perform to an Outperform and the price target has been revised to $62.

Analyzing CMS Stock Performance

During the last five days, there has been a surge of approximately 2.79%. Over the course of the year, CMS Energy Corporation shares have dropped approximately -1.57%. Shares of the company reached a 52-week high of $59.90 on 01/04/24 and a 52-week low of $55.53 on 01/24/24. A 50-day SMA is recorded $57.73, while a 200-day SMA reached $57.83. Nevertheless, trading volume fell to 2.77 million shares from 1.92 million shares the previous day.

Support And Resistance Levels for CMS Energy Corporation (CMS)

According to the 24-hour chart, there is a support level at 56.71, which, if violated, would cause prices to drop to 56.27. In the upper region, resistance lies at 57.85. The next price resistance is at 58.54. RSI (Relative Strength Index) is 48.19 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.24, which suggests the price will decrease in the coming days. Percent R is at 56.57%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

Is CMS Energy Corporation subject to short interest?

Stocks of CMS Energy Corporation saw a sharp steep in short interest on Jan 11, 2024 dropping by -0.55 million shares to 12.88 million. Data from Yahoo Finance shows that the short interest on Dec 14, 2023 was 13.43 million shares. A decline of -4.27% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 5.84 of the overall float, the days-to-cover ratio (short ratio) decline to 5.84.

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