Cummins Inc.’s filing revealed that its VP – Corporate Strategy Wiltrout Jeffrey T acquired Company’s shares for reported $80401.0 on May 24 ’24. In the deal valued at $285.11 per share,282 shares were bought. As a result of this transaction, Wiltrout Jeffrey T now holds 1,262 shares worth roughly $0.37 million.
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Then, Boakye Marvin bought 1,745 shares, generating $499,133 in total proceeds. Upon buying the shares at $286.04, the VP – Chief Human Resources Off now owns 1,745 shares.
Before that, Barner Sharon R sold 2,390 shares. Cummins Inc. shares valued at $708,110 were divested by the VP – Chief Administrative Off. at a price of $296.28 per share. As a result of the transaction, Barner Sharon R now holds 20,873 shares, worth roughly $6.07 million.
Raymond James initiated its Cummins Inc. [CMI] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. TD Cowen also remained covering CMI and reiterated its “Buy” recommendation on May 10, 2024. UBS revised its rating on March 15, 2024. It rated CMI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CMI
On Monday, Cummins Inc. [NYSE:CMI] saw its stock fall -1.03% to $290.94. Over the last five days, the stock has gained 2.93%. Cummins Inc. shares have risen nearly 21.44% since the year began. Nevertheless, the stocks have risen 22.65% over the past one year. While a 52-week high of $322.83 was reached on 08/01/24, a 52-week low of $212.80 was recorded on 01/19/24. SMA at 50 days reached $281.83, while 200 days put it at $263.97.
Levels Of Support And Resistance For CMI Stock
The 24-hour chart illustrates a support level at 288.52, which if violated will result in even more drops to 286.11. On the upside, there is a resistance level at 294.70. A further resistance level may holdings at 298.47. The Relative Strength Index (RSI) on the 14-day chart is 51.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bearish at 71.21%. Stochastics%K at 35.73% indicates the stock is a holding.
How much short interest is there in Cummins Inc.?
A steep rise in short interest was recorded in Cummins Inc. stocks on
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $303 price target.
