CF Industries Holdings Inc’s filing revealed that its VP and Corporate Controller Hoker Richard A unloaded Company’s shares for reported $0.93 million on Mar 14 ’24. In the deal valued at $84.11 per share,11,029 shares were sold. As a result of this transaction, Hoker Richard A now holds 37,641 shares worth roughly $3.0 million.
Then, Frost Bert A sold 6,000 shares, generating $510,016 in total proceeds. Upon selling the shares at $85.00, the EVP,Sales,MktDev,SupplyChn now owns 64,030 shares.
Before that, Frost Bert A sold 5,000 shares. CF Industries Holdings Inc shares valued at $400,478 were divested by the EVP,Sales,MktDev,SupplyChn at a price of $80.10 per share. As a result of the transaction, Frost Bert A now holds 37,539 shares, worth roughly $3.0 million.
Wolfe Research initiated its CF Industries Holdings Inc [CF] rating to an Outperform in a research note published on March 01, 2024; the price target was $99. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late February from “a Neutral” to “an Underweight”. UBS also remained covering CF and has decreased its forecast on January 31, 2024 with a “Neutral” recommendation from previously “Buy” rating. Barclays revised its rating on January 12, 2024. It rated CF as “an Equal weight” which previously was an “an Underweight”.
Price Performance Review of CF
On Monday, CF Industries Holdings Inc [NYSE:CF] saw its stock fall -6.25% to $79.79. Over the last five days, the stock has lost -4.25%. CF Industries Holdings Inc shares have risen nearly 0.36% since the year began. Nevertheless, the stocks have risen 9.06% over the past one year. While a 52-week high of $87.90 was reached on 03/20/24, a 52-week low of $60.08 was recorded on 01/22/24. SMA at 50 days reached $80.83, while 200 days put it at $79.23. A total of 4.61 million shares were traded, compared to the trading of 0.89 million shares in the previous session.
Levels Of Support And Resistance For CF Stock
The 24-hour chart illustrates a support level at 77.82, which if violated will result in even more drops to 75.85. On the upside, there is a resistance level at 83.62. A further resistance level may holdings at 87.45. The Relative Strength Index (RSI) on the 14-day chart is 40.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.51%. Stochastics %K at 49.42% indicates the stock is a holding.
How much short interest is there in CF Industries Holdings Inc?
A steep rise in short interest was recorded in CF Industries Holdings Inc stocks on Mar 15, 2024, growing by 1.84 million shares to a total of 5.75 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 3.91 million shares. There was a rise of 32.0%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.01% of the overall stock float, the days-to-cover ratio (short ratio) rose to 1.67.
