In a filing, CMS Energy Corporation revealed its Senior Vice President Rich Brian F unloaded Company’s shares for reported $0.26 million on Aug 01 ’24. In the deal valued at $66.00 per share,4,000 shares were sold. As a result of this transaction, Rich Brian F now holds 94,490 shares worth roughly $6.28 million.
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Then, Rich Brian F bought 4,000 shares, generating $263,983 in total proceeds.
Before that, Hofmeister Brandon J. sold 1,667 shares. CMS Energy Corporation shares valued at $99,993 were divested by the Senior Vice President at a price of $59.98 per share. As a result of the transaction, Hofmeister Brandon J. now holds 68,330 shares, worth roughly $4.54 million.
UBS downgraded its CMS Energy Corporation [CMS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Wolfe Research also remained covering CMS and has increased its forecast on January 16, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Seaport Research Partners revised its rating on January 08, 2024. It rated CMS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CMS
On Friday, CMS Energy Corporation [NYSE:CMS] saw its stock jump 0.74% to $66.45. Over the last five days, the stock has gained 1.61%. CMS Energy Corporation shares have risen nearly 14.43% since the year began. Nevertheless, the stocks have risen 17.44% over the past one year. While a 52-week high of $67.77 was reached on 08/02/24, a 52-week low of $49.87 was recorded on 02/13/24. SMA at 50 days reached $61.86, while 200 days put it at $59.40.
Levels Of Support And Resistance For CMS Stock
The 24-hour chart illustrates a support level at 65.95, which if violated will result in even more drops to 65.44. On the upside, there is a resistance level at 66.93. A further resistance level may holdings at 67.40. The Relative Strength Index (RSI) on the 14-day chart is 66.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.63, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.41%. Stochastics%K at 68.30% indicates the stock is a holding.
How much short interest is there in CMS Energy Corporation?
A steep rise in short interest was recorded in CMS Energy Corporation stocks on 2024-07-31, dropping by -0.27 million shares to a total of 8.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 8.47 million shares. There was a decline of -3.33%, which implies that there is a negative sentiment for the stock.
