CMS Energy Corporation’s recently made public that its Senior Vice President Rich Brian F unloaded Company’s shares for reported $0.12 million on May 02 ’24. In the deal valued at $61.10 per share,2,000 shares were sold. As a result of this transaction, Rich Brian F now holds 97,682 shares worth roughly $6.02 million.
Then, Hofmeister Brandon J. sold 3,500 shares, generating $202,240 in total proceeds. Upon selling the shares at $57.78, the Senior Vice President now owns 68,971 shares.
Before that, Hofmeister Brandon J. sold 1,000 shares. CMS Energy Corporation shares valued at $57,900 were divested by the Senior Vice President at a price of $57.90 per share. As a result of the transaction, Hofmeister Brandon J. now holds 61,156 shares, worth roughly $3.77 million.
UBS downgraded its CMS Energy Corporation [CMS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Wolfe Research also remained covering CMS and has increased its forecast on January 16, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Seaport Research Partners revised its rating on January 08, 2024. It rated CMS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CMS
On Monday, CMS Energy Corporation [NYSE:CMS] saw its stock jump 0.08% to $61.61. Over the last five days, the stock has gained 2.34%. CMS Energy Corporation shares have risen nearly 6.10% since the year began. Nevertheless, the stocks have risen 0.52% over the past one year. While a 52-week high of $63.76 was reached on 05/03/24, a 52-week low of $49.87 was recorded on 02/13/24. SMA at 50 days reached $59.13, while 200 days put it at $57.33. A total of 1.77 million shares were traded, compared to the trading of 1.54 million shares in the previous session.
Levels Of Support And Resistance For CMS Stock
The 24-hour chart illustrates a support level at 61.25, which if violated will result in even more drops to 60.90. On the upside, there is a resistance level at 61.85. A further resistance level may holdings at 62.10. The Relative Strength Index (RSI) on the 14-day chart is 65.61, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 6.33%. Stochastics %K at 94.52% indicates the stock is a selling.
