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Understanding the Risks of Investing in Centuri Holdings Inc. (CTRI)

Centuri Holdings Inc.’s filing revealed that its Director Fehrman William acquired Company’s shares for reported $0.33 million on Jul 31 ’24. In the deal valued at $16.50 per share,20,000 shares were bought. As a result of this transaction, Fehrman William now holds 45,000 shares worth roughly $0.73 million.

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Then, MARIUCCI ANNE L bought 71,400 shares, generating $1,499,400 in total proceeds. Upon buying the shares at $21.00, the Director now owns 71,400 shares.

Before that, Fehrman William bought 25,000 shares. Centuri Holdings Inc. shares valued at $525,000 were divested by the Chief Executive Officer at a price of $21.00 per share. As a result of the transaction, Fehrman William now holds 25,000 shares, worth roughly $0.4 million.

UBS downgraded its Centuri Holdings Inc. [CTRI] rating to a Neutral from a a Buy in a research note published on July 30, 2024; the price target was decreased to $17 from $30. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in late June from “a Neutral” to “an Underperform”. Wells Fargo began covering CTRI with “an Overweight” recommendation on May 13, 2024. UBS started covering the stock on May 13, 2024. It rated CTRI as “a Buy”.

Price Performance Review of CTRI

On Tuesday, Centuri Holdings Inc. [NYSE:CTRI] saw its stock jump 3.59% to $16.16. Over the last five days, the stock has gained 8.31%. Centuri Holdings Inc. shares have fallen nearly -30.13% since the year began.

Levels Of Support And Resistance For CTRI Stock

The 24-hour chart illustrates a support level at 15.78, which if violated will result in even more drops to 15.40. On the upside, there is a resistance level at 16.56. A further resistance level may holdings at 16.96. The Relative Strength Index (RSI) on the 14-day chart is 37.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.64, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.74%. Stochastics%K at 19.47% indicates the stock is a buying.

How much short interest is there in Centuri Holdings Inc.?

A steep rise in short interest was recorded in Centuri Holdings Inc. stocks on , dropping by 33191.0 shares to a total of 2.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.82 million shares. There was a decline of -1.19%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 13, 2024 when Robert W. Baird began covering the stock and recommended ‘”an Outperform”‘ rating along with a $30 price target.

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