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Cintas Corporation [CTAS] Stock sold by Insider Hansen J. Michael for $5.83 million

Cintas Corporation’s recently made public that its VP & CFO Hansen J. Michael unloaded Company’s shares for reported $5.83 million on Dec 22 ’23. In the deal valued at $596.91 per share,9,774 shares were sold. As a result of this transaction, Hansen J. Michael now holds 37,732 shares worth roughly $24.84 million.

Then, Barstad Melanie W. sold 1,968 shares, generating $1,011,887 in total proceeds. Upon selling the shares at $514.17, the Director now owns 6,250 shares.

Before that, Thompson Michael Lawrence sold 5,050 shares. Cintas Corporation shares valued at $2,516,668 were divested by the Executive Vice President & CAO at a price of $498.35 per share. As a result of the transaction, Thompson Michael Lawrence now holds 27,326 shares, worth roughly $17.99 million.

UBS reiterated its Cintas Corporation [CTAS] rating to a Buy in a research note published on March 28, 2024; the price target was $790. A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who remained covering the stock and in late March has reiterated a ‘”an Outperform”‘ rating for it. RBC Capital Mkts also remained covering CTAS and reiterated its “an Outperform” recommendation on March 28, 2024. Goldman maintained its rating on March 28, 2024. It rated CTAS as “a Buy”.

Price Performance Review of CTAS

On Tuesday, Cintas Corporation [NASDAQ:CTAS] saw its stock fall -1.12% to $658.34. Over the last five days, the stock has lost -1.20%. Cintas Corporation shares have risen nearly 9.24% since the year began. Nevertheless, the stocks have risen 44.45% over the past one year. While a 52-week high of $704.84 was reached on 03/27/24, a 52-week low of $454.70 was recorded on 01/05/24. SMA at 50 days reached $648.67, while 200 days put it at $565.07. A total of 0.42 million shares were traded, compared to the trading of 0.27 million shares in the previous session.

Levels Of Support And Resistance For CTAS Stock

The 24-hour chart illustrates a support level at 652.94, which if violated will result in even more drops to 647.54. On the upside, there is a resistance level at 667.48. A further resistance level may holdings at 676.62. The Relative Strength Index (RSI) on the 14-day chart is 47.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.49%. Stochastics %K at 25.46% indicates the stock is a holding.

The most recent change occurred on March 28, 2024 when Deutsche Bank resumed its ‘”a Hold”‘ rating for the stock and retained the price target to $726.

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