Cabot Corp.’s recently made public that its Officer McLaughlin Erica acquired Company’s shares for reported $1.09 million on Aug 08 ’24. In the deal valued at $98.08 per share,11,082 shares were bought.
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Then, McLaughlin Erica sold 11,082 shares, generating $1,086,961 in total proceeds. Upon selling the shares at $98.08, the Executive Vice President, CFO now owns 59,814 shares.
Before that, McLaughlin Erica bought 23,274 shares. Cabot Corp. shares valued at $2,322,591 were divested by the Officer at a price of $99.79 per share.
Deutsche Bank downgraded its Cabot Corp. [CBT] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Mizuho’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. UBS also remained covering CBT and has decreased its forecast on January 08, 2024 with a “Neutral” recommendation from previously “Buy” rating. JP Morgan revised its rating on June 06, 2023. It rated CBT as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of CBT
On Tuesday, Cabot Corp. [NYSE:CBT] saw its stock fall -0.20% to $95.04. Over the last five days, the stock has lost -6.09%. Cabot Corp. shares have risen nearly 13.82% since the year began. Nevertheless, the stocks have risen 32.98% over the past one year. While a 52-week high of $103.57 was reached on 08/07/24, a 52-week low of $65.10 was recorded on 02/05/24. SMA at 50 days reached $95.73, while 200 days put it at $87.26.
Levels Of Support And Resistance For CBT Stock
The 24-hour chart illustrates a support level at 94.02, which if violated will result in even more drops to 93.00. On the upside, there is a resistance level at 96.14. A further resistance level may holdings at 97.24. The Relative Strength Index (RSI) on the 14-day chart is 48.67, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.81, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.56%. Stochastics%K at 59.60% indicates the stock is a holding.
How much short interest is there in Cabot Corp.?
A steep rise in short interest was recorded in Cabot Corp. stocks on
The most recent change occurred on March 13, 2023 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $94 price target.
