Carpenter Technology Corp.’s recent filing unveils that its Director MCLANE CHARLES DOUGLAS JR unloaded Company’s shares for reported $0.25 million on Nov 07 ’23. In the deal valued at $66.42 per share,3,791 shares were sold. As a result of this transaction, MCLANE CHARLES DOUGLAS JR now holds 6,459 shares worth roughly $0.52 million.
Then, KAROL STEVEN E sold 1,227 shares, generating $84,663 in total proceeds. Upon selling the shares at $69.00, the Director now owns 180,000 shares.
Before that, AKINS MARSHALL D sold 1,500 shares. Carpenter Technology Corp. shares valued at $97,500 were divested by the VP Chief Commercial Officer at a price of $65.00 per share. As a result of the transaction, AKINS MARSHALL D now holds 23,008 shares, worth roughly $1.85 million.
Northcoast initiated its Carpenter Technology Corp. [CRS] rating to a Buy in a research note published on August 25, 2023; the price target was $73. A number of analysts have revised their coverage, including Cowen’s analysts, who increased its forecast for the stock in mid September from “a Market perform” to “an Outperform”. JP Morgan also remained covering CRS and has increased its forecast on February 11, 2022 with a “an Overweight” recommendation from previously “Neutral” rating. The Benchmark Company revised its rating on January 13, 2022. It rated CRS as “a Buy” which previously was an “a Hold”.
Price Performance Review of CRS
On Tuesday, Carpenter Technology Corp. [NYSE:CRS] saw its stock jump 2.03% to $80.51. Over the last five days, the stock has gained 3.86%. Carpenter Technology Corp. shares have risen nearly 13.71% since the year began. Nevertheless, the stocks have risen 71.77% over the past one year. While a 52-week high of $82.16 was reached on 04/09/24, a 52-week low of $44.40 was recorded on 02/06/24. SMA at 50 days reached $69.88, while 200 days put it at $65.71. A total of 0.56 million shares were traded, compared to the trading of 0.62 million shares in the previous session.
Levels Of Support And Resistance For CRS Stock
The 24-hour chart illustrates a support level at 78.09, which if violated will result in even more drops to 75.66. On the upside, there is a resistance level at 82.11. A further resistance level may holdings at 83.70. The Relative Strength Index (RSI) on the 14-day chart is 66.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 20.10%. Stochastics %K at 72.34% indicates the stock is a holding.
The most recent change occurred on June 16, 2021 when JP Morgan began covering the stock and recommended ‘”a Neutral”‘ rating along with a $49 price target.
