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Investing in Clarus Corp (CLAR): What You Must Know

Clarus Corp’s filing revealed that its Director SOKOLOW NICOLAS acquired Company’s shares for reported $0.13 million on Aug 06 ’24. In the deal valued at $4.88 per share,26,500 shares were bought. As a result of this transaction, SOKOLOW NICOLAS now holds 438,311 shares worth roughly $1.96 million.

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ROTH MKM downgraded its Clarus Corp [CLAR] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Jefferies’s analysts, who decreased its forecast for the stock in early January from “a Buy” to “a Hold”. B. Riley Securities began covering CLAR with “Buy” recommendation on June 29, 2023. BofA Securities revised its rating on May 03, 2023. It rated CLAR as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CLAR

On Tuesday, Clarus Corp [NASDAQ:CLAR] saw its stock jump 0.22% to $4.48. Over the last five days, the stock has gained 2.05%. Clarus Corp shares have fallen nearly -35.03% since the year began. Nevertheless, the stocks have fallen -46.09% over the past one year. While a 52-week high of $8.45 was reached on 05/03/24, a 52-week low of $4.28 was recorded on 08/14/24. SMA at 50 days reached $5.83, while 200 days put it at $6.11.

Levels Of Support And Resistance For CLAR Stock

The 24-hour chart illustrates a support level at 4.41, which if violated will result in even more drops to 4.34. On the upside, there is a resistance level at 4.53. A further resistance level may holdings at 4.57. The Relative Strength Index (RSI) on the 14-day chart is 30.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.01%. Stochastics%K at 9.71% indicates the stock is a buying.

How much short interest is there in Clarus Corp?

A steep rise in short interest was recorded in Clarus Corp stocks on 2024-07-31, dropping by -0.27 million shares to a total of 1.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 1.91 million shares. There was a decline of -16.72%, which implies that there is a negative sentiment for the stock.

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