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Centuri Holdings Inc. [CTRI] Director makes an insider purchase of 71,400 shares worth 1.5 million.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Centuri Holdings Inc. shares valued at $1,499,400 were purchased by MARIUCCI ANNE L on Apr 22 ’24. At $21.00 per share, MARIUCCI ANNE L acquired 71,400 shares. The insider’s holdings grew to 71,400 shares worth approximately $1.49 million following the completion of this transaction.

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Also, Fehrman William purchased 25,000 shares, netting a total of over 525,000 in proceeds. Following the buying of shares at $21.00 each, the insider now holds 25,000 shares.

Before that, Haller Karen S had added 12,000 shares to its account. In a trade valued at $252,000, the Director bought Centuri Holdings Inc. shares for $21.00 each. Upon closing the transaction, the insider’s holdings increased to 12,000 shares, worth approximately $0.25 million.

As published in a research note from BofA Securities on June 27, 2024, Centuri Holdings Inc. [CTRI] has been rated down from a Neutral to an Underperform and the price target has been revised to $21 from $26. Analysts at Wells Fargo started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid May. As of May 13, 2024, UBS has initiated its “Buy” rating for CTRI. Earlier on May 13, 2024, Robert W. Baird initiated its rating. Their recommendation was “an Outperform” for CTRI stock.

Analyzing CTRI Stock Performance

During the last five days, there has been a drop of approximately -17.32%. Over the course of the year, Centuri Holdings Inc. shares have dropped approximately -9.60%. Nevertheless, trading volume fell to 0.53 million shares from 1.04 million shares the previous day.

Support And Resistance Levels for Centuri Holdings Inc. (CTRI)

According to the 24-hour chart, there is a support level at 19.65, which, if violated, would cause prices to drop to 19.31. In the upper region, resistance lies at 20.61. The next price resistance is at 21.24. RSI (Relative Strength Index) is 32.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -4.07, which suggests the price will decrease in the coming days. Percent R is at 82.14%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.

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