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. Carlisle Companies Inc. shares valued at $1,540,415 were sold by KOCH D CHRISTIAN on May 21 ’24. At $420.53 per share, KOCH D CHRISTIAN sold 3,663 shares. The insider’s holdings dropped to 86,652 shares worth approximately $35.43 million following the completion of this transaction.
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Also, KOCH D CHRISTIAN sold 54,927 shares, netting a total of over 23,072,636 in proceeds. Following the sale of shares at $420.06 each, the insider now holds 86,652 shares.
Before that, SMITH DAVID W had sold 2,037 shares from its account. In a trade valued at $826,166, the VP, Sustainability traded Carlisle Companies Inc. shares for $405.58 each. Upon closing the transaction, the insider’s holdings decreased to 2,037 shares, worth approximately $1.16 million.
As published in their initiating research note from Goldman on April 03, 2024, Carlisle Companies Inc. [CSL] has been a Buy and the price target has been revised to $455. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late September. As of October 14, 2022, Credit Suisse has increased its “Neutral” rating to a “an Outperform” for CSL. Earlier on April 05, 2022, Credit Suisse initiated its rating. Their recommendation was “a Neutral” for CSL stock.
Analyzing CSL Stock Performance
During the last five days, there has been a drop of approximately -0.87%. Over the course of the year, Carlisle Companies Inc. shares have jumped approximately 30.86%. Shares of the company reached a 52-week high of $430.21 on 05/24/24 and a 52-week low of $297.25 on 01/16/24. A 50-day SMA is recorded $409.53, while a 200-day SMA reached $336.23. Nevertheless, trading volume fell to 0.26 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Carlisle Companies Inc. (CSL)
According to the 24-hour chart, there is a support level at 404.21, which, if violated, would cause prices to drop to 399.57. In the upper region, resistance lies at 412.11. The next price resistance is at 415.38. RSI (Relative Strength Index) is 48.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.60, which suggests the price will decrease in the coming days. Percent R is at 62.64%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
