The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Custom Truck One Source Inc shares valued at $49,387 were purchased by NELSON GEORGIA R on May 08 ’24. At $4.12 per share, NELSON GEORGIA R acquired 12,000 shares. The insider’s holdings grew to 83,586 shares worth approximately $0.38 million following the completion of this transaction.
Also, Heinberg Marshall purchased 40,000 shares, netting a total of over 162,916 in proceeds. Following the buying of shares at $4.07 each, the insider now holds 293,856 shares.
Before that, Eperjesy Christopher J had added 20,000 shares to its account. In a trade valued at $78,000, the Chief Financial Officer bought Custom Truck One Source Inc shares for $3.90 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $0.8 million.
As published in their initiating research note from DA Davidson on February 16, 2023, Custom Truck One Source Inc [CTOS] has been a Buy and the price target has been revised to $12. Analysts at JP Morgan started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of March 30, 2022, Deutsche Bank has initiated its “Buy” rating for CTOS. Earlier on January 14, 2022, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for CTOS stock.
Analyzing CTOS Stock Performance
During the last five days, there has been a drop of approximately -7.76%. Over the course of the year, Custom Truck One Source Inc shares have dropped approximately -26.86%. Shares of the company reached a 52-week high of $7.00 on 02/15/24 and a 52-week low of $3.61 on 05/03/24. A 50-day SMA is recorded $5.41, while a 200-day SMA reached $6.04. Nevertheless, trading volume fell to 1.23 million shares from 1.17 million shares the previous day.
Support And Resistance Levels for Custom Truck One Source Inc (CTOS)
According to the 24-hour chart, there is a support level at 4.37, which, if violated, would cause prices to drop to 4.21. In the upper region, resistance lies at 4.67. The next price resistance is at 4.81. RSI (Relative Strength Index) is 38.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.52, which suggests the price will decrease in the coming days. Percent R is at 49.86%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
