Carpenter Technology Corp.’s recent filing unveils that its SVP Gen Counsel & Sec DEE JAMES D unloaded Company’s shares for reported $2.62 million on May 21 ’24. In the deal valued at $111.26 per share,23,518 shares were sold. As a result of this transaction, DEE JAMES D now holds 84,798 shares worth roughly $9.07 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, KAROL STEVEN E sold 2,445 shares, generating $266,201 in total proceeds. Upon selling the shares at $108.88, the Director now owns 180,000 shares.
Before that, AKINS MARSHALL D sold 4,358 shares. Carpenter Technology Corp. shares valued at $445,518 were divested by the VP Chief Commercial Officer at a price of $102.23 per share. As a result of the transaction, AKINS MARSHALL D now holds 23,014 shares, worth roughly $2.46 million.
BTIG Research initiated its Carpenter Technology Corp. [CRS] rating to a Buy in a research note published on June 26, 2024; the price target was $120. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Northcoast also remained covering CRS and has decreased its forecast on May 06, 2024 with a “Neutral” recommendation from previously “Buy” rating. Northcoast started covering the stock on August 25, 2023. It rated CRS as “a Buy”.
Price Performance Review of CRS
On Monday, Carpenter Technology Corp. [NYSE:CRS] saw its stock fall -2.38% to $106.97. Over the last five days, the stock has gained 8.64%. Carpenter Technology Corp. shares have risen nearly 51.09% since the year began. Nevertheless, the stocks have risen 92.29% over the past one year. While a 52-week high of $112.75 was reached on 05/28/24, a 52-week low of $51.94 was recorded on 02/06/24. SMA at 50 days reached $101.66, while 200 days put it at $76.04. A total of 0.76 million shares were traded, compared to the trading of 3.3 million shares in the previous session.
Levels Of Support And Resistance For CRS Stock
The 24-hour chart illustrates a support level at 105.31, which if violated will result in even more drops to 103.65. On the upside, there is a resistance level at 109.40. A further resistance level may holdings at 111.84. The Relative Strength Index (RSI) on the 14-day chart is 56.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.86, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.36%. Stochastics%K at 89.90% indicates the stock is a selling.
