In a filing, Cbiz Inc revealed its C.F.O. GROVE WARE H unloaded Company’s shares for reported $5810.0 on Nov 24 ’23. In the deal valued at $58.10 per share,100 shares were sold. As a result of this transaction, GROVE WARE H now holds 267,575 shares worth roughly $20.6 million.
Then, GROVE WARE H sold 6,849 shares, generating $397,154 in total proceeds. Upon selling the shares at $57.99, the C.F.O. now owns 267,675 shares.
Before that, GROVE WARE H sold 1,159 shares. Cbiz Inc shares valued at $64,007 were divested by the C.F.O. at a price of $55.23 per share. As a result of the transaction, GROVE WARE H now holds 274,524 shares, worth roughly $21.13 million.
Sidoti downgraded its Cbiz Inc [CBZ] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who increased its forecast for the stock in late October from “a Neutral” to “a Buy”. Sidoti also remained covering CBZ and has decreased its forecast on September 05, 2023 with a “Neutral” recommendation from previously “Buy” rating. CJS Securities revised its rating on March 31, 2020. It rated CBZ as “a Market outperform” which previously was an “a Market perform”.
Price Performance Review of CBZ
On Tuesday, Cbiz Inc [NYSE:CBZ] saw its stock fall -0.28% to $76.98. Over the last five days, the stock has gained 0.63%. Cbiz Inc shares have risen nearly 22.99% since the year began. Nevertheless, the stocks have risen 56.78% over the past one year. While a 52-week high of $79.55 was reached on 03/28/24, a 52-week low of $48.95 was recorded on 01/05/24. SMA at 50 days reached $72.94, while 200 days put it at $60.23. A total of 0.28 million shares were traded, compared to the trading of 0.18 million shares in the previous session.
Levels Of Support And Resistance For CBZ Stock
The 24-hour chart illustrates a support level at 76.40, which if violated will result in even more drops to 75.82. On the upside, there is a resistance level at 77.55. A further resistance level may holdings at 78.12. The Relative Strength Index (RSI) on the 14-day chart is 56.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.57, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.65%. Stochastics %K at 33.14% indicates the stock is a holding.
How much short interest is there in Cbiz Inc?
A steep rise in short interest was recorded in Cbiz Inc stocks on Mar 28, 2024, growing by 0.55 million shares to a total of 1.27 million shares. Yahoo Finance data shows the prior-month short interest on Feb 29, 2024 was 0.72 million shares. There was a rise of 43.45%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 2.62% of the overall stock float, the days-to-cover ratio (short ratio) rose to 3.46.
The most recent change occurred on September 18, 2018 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.
