In a filing, Cal-Maine Foods, Inc. revealed its VP – General Counsel Holladay Robert L Jr unloaded Company’s shares for reported $0.11 million on Aug 20 ’24. In the deal valued at $70.93 per share,1,500 shares were sold. As a result of this transaction, Holladay Robert L Jr now holds 16,754 shares worth roughly $1.29 million.
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Then, Walters Michael Todd sold 3,000 shares, generating $210,600 in total proceeds. Upon selling the shares at $70.20, the COO now owns 5,310 shares.
Before that, Poole James E sold 1,500 shares. Cal-Maine Foods, Inc. shares valued at $105,971 were divested by the Director at a price of $70.65 per share. As a result of the transaction, Poole James E now holds 10,170 shares, worth roughly $0.78 million.
Stephens downgraded its Cal-Maine Foods, Inc. [CALM] rating to an Equal-weight from a an Overweight in a research note published on April 25, 2023; the price target was decreased to $60 from $67. A number of analysts have revised their coverage, including Consumer Edge Research’s analysts, who increased its forecast for the stock in late March from “an Equal weight” to “an Overweight”. BofA Securities also remained covering CALM and has decreased its forecast on May 26, 2021 with a “an Underperform” recommendation from previously “Buy” rating. BofA Securities started covering the stock on October 28, 2020. It rated CALM as “a Buy”.
Price Performance Review of CALM
On Tuesday, Cal-Maine Foods, Inc. [NASDAQ:CALM] saw its stock jump 2.67% to $76.84. Over the last five days, the stock has gained 2.59%. Cal-Maine Foods, Inc. shares have risen nearly 33.89% since the year began. Nevertheless, the stocks have risen 58.69% over the past one year. While a 52-week high of $75.64 was reached on 10/01/24, a 52-week low of $42.25 was recorded on 01/04/24. SMA at 50 days reached $71.06, while 200 days put it at $61.67.
Levels Of Support And Resistance For CALM Stock
The 24-hour chart illustrates a support level at 75.19, which if violated will result in even more drops to 73.54. On the upside, there is a resistance level at 77.80. A further resistance level may holdings at 78.75. The Relative Strength Index (RSI) on the 14-day chart is 73.31, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.46, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.20%. Stochastics %K at 90.58% indicates the stock is a selling.
How much short interest is there in Cal-Maine Foods, Inc.?
A steep rise in short interest was recorded in Cal-Maine Foods, Inc. stocks on 2024-09-13, dropping by 44317.0 shares to a total of 2.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 2.1 million shares. There was a decline of -2.16%, which implies that there is a negative sentiment for the stock.
