In a filing, Caleres Inc revealed its Executive Chair SULLIVAN DIANE M unloaded Company’s shares for reported $0.25 million on Apr 24 ’24. In the deal valued at $37.09 per share,6,856 shares were sold. As a result of this transaction, SULLIVAN DIANE M now holds 254,668 shares worth roughly $9.7 million.
Then, SULLIVAN DIANE M sold 24,499 shares, generating $916,707 in total proceeds. Upon selling the shares at $37.42, the Executive Chair now owns 261,524 shares.
Before that, SULLIVAN DIANE M sold 12,126 shares. Caleres Inc shares valued at $436,411 were divested by the Executive Chair at a price of $35.99 per share. As a result of the transaction, SULLIVAN DIANE M now holds 286,023 shares, worth roughly $10.9 million.
KeyBanc Capital Markets initiated its Caleres Inc [CAL] rating to a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late May from “an Overweight” to “a Neutral”. Piper Sandler also remained covering CAL and has increased its forecast on February 21, 2023 with a “an Overweight” recommendation from previously “Neutral” rating. Piper Sandler started covering the stock on October 25, 2022. It rated CAL as “a Neutral”.
Price Performance Review of CAL
On Tuesday, Caleres Inc [NYSE:CAL] saw its stock jump 0.98% to $38.10. Over the last five days, the stock has gained 3.45%. Caleres Inc shares have risen nearly 23.98% since the year began. Nevertheless, the stocks have risen 65.94% over the past one year. While a 52-week high of $41.94 was reached on 03/21/24, a 52-week low of $16.85 was recorded on 01/16/24. SMA at 50 days reached $37.70, while 200 days put it at $31.06. A total of 0.5 million shares were traded, compared to the trading of 0.4 million shares in the previous session.
Levels Of Support And Resistance For CAL Stock
The 24-hour chart illustrates a support level at 37.38, which if violated will result in even more drops to 36.67. On the upside, there is a resistance level at 39.39. A further resistance level may holdings at 40.69. The Relative Strength Index (RSI) on the 14-day chart is 57.17, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.90, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.08%. Stochastics %K at 71.44% indicates the stock is a holding.
The most recent change occurred on June 24, 2022 when Seaport Research Partners began covering the stock and recommended ‘”a Buy”‘ rating along with a $35 price target.
