Cabot Corp.’s recent filing unveils that its Executive Vice President Kalkstein Hobart unloaded Company’s shares for reported $0.67 million on Mar 07 ’24. In the deal valued at $88.01 per share,7,648 shares were sold. As a result of this transaction, Kalkstein Hobart now holds 61,688 shares worth roughly $6.23 million.
Then, Keohane Sean D sold 17,857 shares, generating $1,525,564 in total proceeds. Upon selling the shares at $85.43, the President and CEO now owns 331,174 shares.
Before that, Zhu Jeff Ji sold 55,233 shares. Cabot Corp. shares valued at $4,413,935 were divested by the Executive Vice President at a price of $79.91 per share. As a result of the transaction, Zhu Jeff Ji now holds 97,201 shares, worth roughly $9.82 million.
Deutsche Bank downgraded its Cabot Corp. [CBT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. UBS also remained covering CBT and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on June 06, 2023. It rated CBT as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CBT
On Tuesday, Cabot Corp. [NYSE:CBT] saw its stock jump 5.35% to $101.07. Over the last five days, the stock has gained 10.79%. Cabot Corp. shares have risen nearly 21.04% since the year began. Nevertheless, the stocks have risen 41.71% over the past one year. While a 52-week high of $98.34 was reached on 05/07/24, a 52-week low of $63.73 was recorded on 02/05/24. SMA at 50 days reached $91.00, while 200 days put it at $77.97. A total of 0.77 million shares were traded, compared to the trading of 0.23 million shares in the previous session.
Levels Of Support And Resistance For CBT Stock
The 24-hour chart illustrates a support level at 98.51, which if violated will result in even more drops to 95.94. On the upside, there is a resistance level at 103.55. A further resistance level may holdings at 106.02. The Relative Strength Index (RSI) on the 14-day chart is 73.28, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.41, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 18.34%. Stochastics %K at 79.85% indicates the stock is a holding.
The most recent change occurred on March 13, 2023 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $94 price target.
