Caleres Inc’s filing revealed that its Chief Sourcing Officer Freidman Daniel R unloaded Company’s shares for reported $0.56 million on Apr 08 ’24. In the deal valued at $37.00 per share,15,000 shares were sold. As a result of this transaction, Freidman Daniel R now holds 64,167 shares worth roughly $2.26 million.
Then, Schmitt Mark A sold 18,373 shares, generating $753,457 in total proceeds. Upon selling the shares at $41.01, the SVP, Chief Logistics Officer now owns 50,847 shares.
Before that, Schmidt John W sold 25,332 shares. Caleres Inc shares valued at $980,498 were divested by the President & CEO, Caleres at a price of $38.71 per share. As a result of the transaction, Schmidt John W now holds 335,663 shares, worth roughly $11.84 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 Friday, Caleres Inc [NYSE:CAL] saw its stock jump 1.18% to $35.26. Over the last five days, the stock has lost -0.48%. Caleres Inc shares have risen nearly 14.74% since the year began. Nevertheless, the stocks have risen 56.99% 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 $37.55, while 200 days put it at $30.38. A total of 0.52 million shares were traded, compared to the trading of 0.42 million shares in the previous session.
Levels Of Support And Resistance For CAL Stock
The 24-hour chart illustrates a support level at 34.85, which if violated will result in even more drops to 34.45. On the upside, there is a resistance level at 35.47. A further resistance level may holdings at 35.69. The Relative Strength Index (RSI) on the 14-day chart is 38.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.29%. Stochastics %K at 9.54% indicates the stock is a buying.
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.
