In a filing, Caleres Inc revealed its President & CEO, Caleres Schmidt John W unloaded Company’s shares for reported $0.98 million on Mar 04 ’24. In the deal valued at $38.71 per share,25,332 shares were sold. As a result of this transaction, Schmidt John W now holds 335,663 shares worth roughly $13.24 million.
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Then, Schmidt John W sold 12,668 shares, generating $421,724 in total proceeds. Upon selling the shares at $33.29, the President & CEO, Caleres now owns 360,995 shares.
Before that, Schmidt John W sold 12,668 shares. Caleres Inc shares valued at $382,120 were divested by the President & CEO, Caleres at a price of $30.16 per share. As a result of the transaction, Schmidt John W now holds 373,663 shares, worth roughly $14.74 million.
KeyBanc Capital Markets initiated its Caleres Inc [CAL] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late May from “an Overweight” to “a Neutral”. Piper Sandler also remained covering CAL and has increased its forecast on February 21, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Piper Sandler started covering the stock on October 25, 2022. It rated CAL as “a Neutral”.
Price Performance Review of CAL
On Tuesday, Caleres Inc [NYSE:CAL] saw its stock fall -0.63% to $39.45. Over the last five days, the stock has lost -0.35%. Caleres Inc shares have risen nearly 28.38% since the year began. Nevertheless, the stocks have risen 85.47% over the past one year. While a 52-week high of $41.94 was reached on 03/21/24, a 52-week low of $16.85 was recorded on 01/16/24. SMA at 50 days reached $35.55, while 200 days put it at $29.31. A total of 0.95 million shares were traded, compared to the trading of 0.3 million shares in the previous session.
Levels Of Support And Resistance For CAL Stock
The 24-hour chart illustrates a support level at 39.02, which if violated will result in even more drops to 38.60. On the upside, there is a resistance level at 40.09. A further resistance level may holdings at 40.73. The Relative Strength Index (RSI) on the 14-day chart is 58.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.24%. Stochastics %K at 72.36% indicates the stock is a holding.
How much short interest is there in Caleres Inc?
A steep rise in short interest was recorded in Caleres Inc stocks on Feb 29, 2024, growing by 60000.0 shares to a total of 4.22 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.16 million shares. There was a rise of 1.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 15.34% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.75.
The most recent change occurred on June 24, 2022 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.
