The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CF Industries Holdings Inc shares valued at $927,612 were sold by Hoker Richard A on Mar 14 ’24. At $84.11 per share, Hoker Richard A sold 11,029 shares. The insider’s holdings dropped to 37,641 shares worth approximately $3.04 million following the completion of this transaction.
Also, Frost Bert A sold 6,000 shares, netting a total of over 510,016 in proceeds. Following the sale of shares at $85.00 each, the insider now holds 64,030 shares.
Before that, Frost Bert A had sold 5,000 shares from its account. In a trade valued at $400,478, the EVP,Sales,MktDev,SupplyChn traded CF Industries Holdings Inc shares for $80.10 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $3.03 million.
As published in a research note from BofA Securities on April 10, 2024, CF Industries Holdings Inc [CF] has been rated down from a Buy to a Neutral and the price target has been revised to $88 from $96. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in early March. As of February 29, 2024, Piper Sandler has decreased its “Neutral” rating to a “an Underweight” for CF. Earlier on January 31, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for CF stock which previously was a “a Buy”.
Analyzing CF Stock Performance
During the last five days, there has been a drop of approximately -6.20%. Over the course of the year, CF Industries Holdings Inc shares have jumped approximately 1.69%. Shares of the company reached a 52-week high of $87.04 on 03/20/24 and a 52-week low of $73.65 on 01/22/24. A 50-day SMA is recorded $81.04, while a 200-day SMA reached $79.38. Nevertheless, trading volume fell to 2.35 million shares from 3.3 million shares the previous day.
Support And Resistance Levels for CF Industries Holdings Inc (CF)
According to the 24-hour chart, there is a support level at 80.13, which, if violated, would cause prices to drop to 79.43. In the upper region, resistance lies at 81.28. The next price resistance is at 81.73. RSI (Relative Strength Index) is 44.42 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.74, which suggests the price will decrease in the coming days. Percent R is at 73.36%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is CF Industries Holdings Inc subject to short interest?
Stocks of CF Industries Holdings Inc saw a sharp rise in short interest on Mar 28, 2024 jumping by 1.02 million shares to 5.53 million. Data from Yahoo Finance shows that the short interest on Feb 29, 2024 was 4.51 million shares. A jump of 18.44% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.64 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.64.
