In a filing, Clarus Corp revealed its Executive Chairman KANDERS WARREN B acquired Company’s shares for reported $0.84 million on Sep 06 ’24. In the deal valued at $4.19 per share,200,000 shares were bought. As a result of this transaction, KANDERS WARREN B now holds 4,045,527 shares worth roughly $16.34 million.
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Then, KANDERS WARREN B bought 50,000 shares, generating $199,995 in total proceeds. Upon buying the shares at $4.00, the Executive Chairman now owns 4,125,527 shares.
Before that, KANDERS WARREN B bought 30,000 shares. Clarus Corp shares valued at $121,359 were divested by the Executive Chairman at a price of $4.05 per share. As a result of the transaction, KANDERS WARREN B now holds 4,075,527 shares, worth roughly $16.47 million.
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 1.00% to $4.04. Over the last five days, the stock has lost -1.46%. Clarus Corp shares have fallen nearly -41.41% since the year began. Nevertheless, the stocks have fallen -39.66% over the past one year. While a 52-week high of $7.65 was reached on 05/03/24, a 52-week low of $3.98 was recorded on 09/10/24. SMA at 50 days reached $5.18, while 200 days put it at $6.04.
Levels Of Support And Resistance For CLAR Stock
The 24-hour chart illustrates a support level at 3.93, which if violated will result in even more drops to 3.83. On the upside, there is a resistance level at 4.10. A further resistance level may holdings at 4.17. The Relative Strength Index (RSI) on the 14-day chart is 28.21, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 84.54%. Stochastics %K at 8.90% 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 2024-08-15, dropping by -0.31 million shares to a total of 1.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.81 million shares. There was a decline of -20.35%, which implies that there is a negative sentiment for the stock.
