Carlisle Companies Inc.’s recently made public that its Chair, President & CEO KOCH D CHRISTIAN unloaded Company’s shares for reported $0.25 million on Feb 22 ’24. In the deal valued at $350.00 per share,719 shares were sold. As a result of this transaction, KOCH D CHRISTIAN now holds 86,652 shares worth roughly $33.98 million.
Then, KOCH D CHRISTIAN sold 36,947 shares, generating $12,840,560 in total proceeds. Upon selling the shares at $347.54, the Chair, President & CEO now owns 86,652 shares.
Before that, KOCH D CHRISTIAN sold 16,800 shares. Carlisle Companies Inc. shares valued at $5,839,008 were divested by the Chair, President & CEO at a price of $347.56 per share. As a result of the transaction, KOCH D CHRISTIAN now holds 86,652 shares, worth roughly $33.98 million.
Goldman initiated its Carlisle Companies Inc. [CSL] rating to a Buy in a research note published on April 03, 2024; the price target was $455. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in late September from “a Buy” to “a Hold”. Credit Suisse also remained covering CSL and has increased its forecast on October 14, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. Credit Suisse started covering the stock on April 05, 2022. It rated CSL as “a Neutral”.
Price Performance Review of CSL
On Tuesday, Carlisle Companies Inc. [NYSE:CSL] saw its stock fall -2.08% to $392.15. Over the last five days, the stock has gained 0.25%. Carlisle Companies Inc. shares have risen nearly 25.52% since the year began. Nevertheless, the stocks have risen 90.73% over the past one year. While a 52-week high of $403.44 was reached on 04/08/24, a 52-week low of $205.10 was recorded on 01/16/24. SMA at 50 days reached $358.94, while 200 days put it at $295.97. A total of 0.24 million shares were traded, compared to the trading of 0.33 million shares in the previous session.
Levels Of Support And Resistance For CSL Stock
The 24-hour chart illustrates a support level at 386.69, which if violated will result in even more drops to 381.24. On the upside, there is a resistance level at 398.80. A further resistance level may holdings at 405.46. The Relative Strength Index (RSI) on the 14-day chart is 62.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.20, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.91%. Stochastics %K at 84.22% indicates the stock is a selling.
How much short interest is there in Carlisle Companies Inc.?
A steep rise in short interest was recorded in Carlisle Companies Inc. stocks on Mar 28, 2024, dropping by 12610.0 shares to a total of 0.65 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.66 million shares. There was a decline of -1.95%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.72% of the overall stock float, the days-to-cover ratio (short ratio) fell to 2.11.
