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. Catalent Inc. shares valued at $21,749 were sold by Gunther Scott on Mar 15 ’24. At $56.20 per share, Gunther Scott sold 387 shares. The insider’s holdings dropped to 29,506 shares worth approximately $1.65 million following the completion of this transaction.
Also, Ryan Michelle R purchased 1,000 shares, netting a total of over 49,980 in proceeds. Following the buying of shares at $49.98 each, the insider now holds 1,979 shares.
Before that, GREISCH JOHN J had added 21,000 shares to its account. In a trade valued at $1,055,040, the Executive Chair bought Catalent Inc. shares for $50.24 each. Upon closing the transaction, the insider’s holdings increased to 21,000 shares, worth approximately $1.9 million.
As published in a research note from Robert W. Baird on November 16, 2023, Catalent Inc. [CTLT] has been rated up from a Neutral to an Outperform and the price target has been revised to $53 from $45. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of July 20, 2023, Wells Fargo has initiated its “an Equal weight” rating for CTLT.
Analyzing CTLT Stock Performance
During the last five days, there has been a drop of approximately -0.02%. Over the course of the year, Catalent Inc. shares have jumped approximately 24.53%. Shares of the company reached a 52-week high of $60.20 on 02/05/24 and a 52-week low of $42.11 on 01/04/24. A 50-day SMA is recorded $56.73, while a 200-day SMA reached $47.93. Nevertheless, trading volume fell to 1.92 million shares from 1.58 million shares the previous day.
Support And Resistance Levels for Catalent Inc. (CTLT)
According to the 24-hour chart, there is a support level at 55.80, which, if violated, would cause prices to drop to 55.66. In the upper region, resistance lies at 56.08. The next price resistance is at 56.22. RSI (Relative Strength Index) is 46.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.26, which suggests the price will decrease in the coming days. Percent R is at 70.22%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
