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Analyzing CSW Industrials Inc (CSWI) After Recent Trading Activity

CSW Industrials Inc’s recently made public that its Chairman, President & CEO Armes Joseph B unloaded Company’s shares for reported $0.31 million on Aug 15 ’24. In the deal valued at $313.26 per share,1,000 shares were sold. As a result of this transaction, Armes Joseph B now holds 52,579 shares worth roughly $17.75 million.

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Then, Armes Joseph B bought 1,000 shares, generating $313,214 in total proceeds.

Before that, Armes Joseph B sold 1,000 shares. CSW Industrials Inc shares valued at $285,790 were divested by the Chairman, President & CEO at a price of $285.79 per share. As a result of the transaction, Armes Joseph B now holds 53,579 shares, worth roughly $18.09 million.

CL King initiated its CSW Industrials Inc [CSWI] rating to a Buy in a research note published recently. A number of analysts have revised their coverage, including Sidoti’s analysts, who began to cover the stock in late March with a ‘”a Buy”‘ rating. Barrington Research began covering CSWI with “an Outperform” recommendation on January 19, 2021. Sidoti started covering the stock on December 20, 2017. It rated CSWI as “a Neutral”.

Price Performance Review of CSWI

On Friday, CSW Industrials Inc [NASDAQ:CSWI] saw its stock jump 2.74% to $337.63. Over the last five days, the stock has gained 3.83%. CSW Industrials Inc shares have risen nearly 62.78% since the year began. Nevertheless, the stocks have risen 85.85% over the past one year. While a 52-week high of $332.67 was reached on 08/30/24, a 52-week low of $167.27 was recorded on 01/08/24. SMA at 50 days reached $295.74, while 200 days put it at $242.16.

Levels Of Support And Resistance For CSWI Stock

The 24-hour chart illustrates a support level at 332.58, which if violated will result in even more drops to 327.52. On the upside, there is a resistance level at 340.16. A further resistance level may holdings at 342.68. The Relative Strength Index (RSI) on the 14-day chart is 70.77, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 12.38, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 91.27% indicates the stock is a selling.

How much short interest is there in CSW Industrials Inc?

A steep rise in short interest was recorded in CSW Industrials Inc stocks on 2024-08-15, dropping by -0.24 million shares to a total of 0.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.44 million shares. There was a decline of -122.17%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on November 08, 2017 when B. Riley FBR Inc. resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $60.

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