In a filing, Clearfield Inc revealed its Director Harding Roger G acquired Company’s shares for reported $0.19 million on Mar 05 ’24. In the deal valued at $29.47 per share,6,500 shares were bought. As a result of this transaction, Harding Roger G now holds 30,021 shares worth roughly $1.08 million.
Then, Jones Walter Louis JR bought 818 shares, generating $24,875 in total proceeds. Upon buying the shares at $30.41, the Director now owns 4,737 shares.
Before that, ROTH RONALD G bought 2,000 shares. Clearfield Inc shares valued at $59,240 were divested by the Chairman of the Board at a price of $29.62 per share. As a result of the transaction, ROTH RONALD G now holds 1,259,796 shares, worth roughly $45.52 million.
Northland Capital upgraded its Clearfield Inc [CLFD] rating to an Outperform from a a Market perform in a research note published on May 03, 2024; the price target was increased to $40 from $25. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in early August from “an Outperform” to “a Market perform”. Lake Street also remained covering CLFD and has decreased its forecast on May 05, 2023 with a “Hold” recommendation from previously “Buy” rating. ROTH Capital started covering the stock on January 17, 2023. It rated CLFD as “a Buy”.
Price Performance Review of CLFD
On Friday, Clearfield Inc [NASDAQ:CLFD] saw its stock jump 13.22% to $36.13. Over the last five days, the stock has gained 22.43%. Clearfield Inc shares have risen nearly 24.24% since the year began. Nevertheless, the stocks have fallen -15.01% over the past one year. While a 52-week high of $50.82 was reached on 05/03/24, a 52-week low of $22.91 was recorded on 01/19/24. SMA at 50 days reached $29.92, while 200 days put it at $30.42. A total of 0.69 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For CLFD Stock
The 24-hour chart illustrates a support level at 34.39, which if violated will result in even more drops to 32.66. On the upside, there is a resistance level at 38.93. A further resistance level may holdings at 41.74. The Relative Strength Index (RSI) on the 14-day chart is 78.72, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.02, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.38%. Stochastics %K at 78.36% indicates the stock is a holding.
The most recent change occurred on January 04, 2023 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $141 price target.
