CTS Corp.’s recent filing unveils that its Senior Vice President Baumeister Martin unloaded Company’s shares for reported $0.3 million on May 24 ’24. In the deal valued at $52.39 per share,5,733 shares were sold. As a result of this transaction, Baumeister Martin now holds 19,811 shares worth roughly $0.89 million.
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Then, O’SULLIVAN KIERAN M sold 27,905 shares, generating $1,314,630 in total proceeds. Upon selling the shares at $47.11, the President & CEO now owns 455,643 shares.
Before that, O’SULLIVAN KIERAN M sold 9,771 shares. CTS Corp. shares valued at $459,396 were divested by the President & CEO at a price of $47.02 per share. As a result of the transaction, O’SULLIVAN KIERAN M now holds 483,548 shares, worth roughly $21.74 million.
TD Cowen reiterated its CTS Corp. [CTS] rating to a Market perform in a research note published on February 07, 2024; the price target was $46. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Jefferies began covering CTS with “Hold” recommendation on November 22, 2022. Sidoti revised its rating on July 13, 2022. It rated CTS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CTS
On Tuesday, CTS Corp. [NYSE:CTS] saw its stock jump 0.13% to $44.95. Over the last five days, the stock has lost -4.20%. CTS Corp. shares have risen nearly 2.77% since the year began. Nevertheless, the stocks have risen 9.42% over the past one year. While a 52-week high of $55.47 was reached on 07/17/24, a 52-week low of $35.50 was recorded on 01/17/24. SMA at 50 days reached $48.86, while 200 days put it at $46.51.
Levels Of Support And Resistance For CTS Stock
The 24-hour chart illustrates a support level at 44.46, which if violated will result in even more drops to 43.97. On the upside, there is a resistance level at 45.40. A further resistance level may holdings at 45.85. The Relative Strength Index (RSI) on the 14-day chart is 36.88, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.88%. Stochastics %K at 5.32% indicates the stock is a buying.
How much short interest is there in CTS Corp.?
A steep rise in short interest was recorded in CTS Corp. stocks on 2024-08-15, dropping by 50904.0 shares to a total of 0.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 0.96 million shares. There was a decline of -5.59%, which implies that there is a negative sentiment for the stock.
