Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CMS Energy Corporation shares valued at $122,207 were sold by Rich Brian F on May 02 ’24. At $61.10 per share, Rich Brian F sold 2,000 shares. The insider’s holdings dropped to 97,682 shares worth approximately $6.18 million following the completion of this transaction.
Also, Hofmeister Brandon J. sold 3,500 shares, netting a total of over 202,240 in proceeds. Following the sale of shares at $57.78 each, the insider now holds 68,971 shares.
Before that, Hofmeister Brandon J. had sold 1,000 shares from its account. In a trade valued at $57,900, the Senior Vice President traded CMS Energy Corporation shares for $57.90 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $3.87 million.
As published in a research note from UBS on April 04, 2024, CMS Energy Corporation [CMS] has been rated down from a Buy to a Neutral. Analysts at Guggenheim upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in early February. As of January 16, 2024, Wolfe Research has increased its “Peer perform” rating to a “an Outperform” for CMS. Earlier on January 08, 2024, Seaport Research Partners downgraded its rating. Their new recommendation was “a Neutral” for CMS stock which previously was a “a Buy”.
Analyzing CMS Stock Performance
During the last five days, there has been a surge of approximately 3.20%. Over the course of the year, CMS Energy Corporation shares have jumped approximately 8.89%. Shares of the company reached a 52-week high of $63.38 on 05/09/24 and a 52-week low of $55.10 on 02/13/24. A 50-day SMA is recorded $59.48, while a 200-day SMA reached $57.33. Nevertheless, trading volume fell to 1.79 million shares from 2.23 million shares the previous day.
Support And Resistance Levels for CMS Energy Corporation (CMS)
According to the 24-hour chart, there is a support level at 62.69, which, if violated, would cause prices to drop to 62.16. In the upper region, resistance lies at 63.57. The next price resistance is at 63.92. RSI (Relative Strength Index) is 73.38 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.71, which suggests the price will increase in the coming days. Percent R is at 3.45%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
