CTS Corp.’s filing revealed that its President & CEO O’SULLIVAN KIERAN M unloaded Company’s shares for reported $1.31 million on May 01 ’24. In the deal valued at $47.11 per share,27,905 shares were sold. As a result of this transaction, O’SULLIVAN KIERAN M now holds 455,643 shares worth roughly $22.93 million.
Then, Agrawal Ashish sold 4,495 shares, generating $211,411 in total proceeds. Upon selling the shares at $47.03, the CFO now owns 120,278 shares.
Before that, O’SULLIVAN KIERAN M sold 9,771 shares. CTS Corp. shares valued at $459,396 were divested by the President & CEO at a price of $47.02 per share. As a result of the transaction, O’SULLIVAN KIERAN M now holds 483,548 shares, worth roughly $24.33 million.
TD Cowen reiterated its CTS Corp. [CTS] rating to a Market perform in a research note published on February 07, 2024; the price target was $46. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Jefferies began covering CTS with “Hold” recommendation on November 22, 2022. Sidoti revised its rating on July 13, 2022. It rated CTS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CTS
On Tuesday, CTS Corp. [NYSE:CTS] saw its stock jump 1.15% to $50.32. Over the last five days, the stock has gained 9.99%. CTS Corp. shares have risen nearly 15.04% since the year began. Nevertheless, the stocks have risen 21.52% over the past one year. While a 52-week high of $50.45 was reached on 05/07/24, a 52-week low of $35.50 was recorded on 01/17/24. SMA at 50 days reached $45.50, while 200 days put it at $42.88. A total of 0.2 million shares were traded, compared to the trading of 0.25 million shares in the previous session.
Levels Of Support And Resistance For CTS Stock
The 24-hour chart illustrates a support level at 49.71, which if violated will result in even more drops to 49.09. On the upside, there is a resistance level at 50.85. A further resistance level may holdings at 51.38. The Relative Strength Index (RSI) on the 14-day chart is 70.09, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.53%. Stochastics %K at 94.79% indicates the stock is a selling.
