Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Charles River Laboratories International Inc. shares valued at $354,861 were sold by LaPlume Joseph W on Aug 08 ’24. At $199.36 per share, LaPlume Joseph W sold 1,780 shares. The insider’s holdings dropped to 22,521 shares worth approximately $4.27 million following the completion of this transaction.
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Also, Joseph LaPlume purchased 1,780 shares, netting a total of over 350,000 in proceeds.
Before that, FOSTER JAMES C had sold 25,000 shares from its account. In a trade valued at $6,250,000, the Chairman, President and CEO traded Charles River Laboratories International Inc. shares for $250.00 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $35.69 million.
As published in a research note from BofA Securities on October 02, 2024, Charles River Laboratories International Inc. [CRL] has been rated down from a Buy to a Neutral and the price target has been revised to $215 from $250. Analysts at Citigroup downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early October. As of August 08, 2024, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for CRL. Earlier on August 08, 2024, JP Morgan downgraded its rating. Their new recommendation was “a Neutral” for CRL stock which previously was a “an Overweight”.
Analyzing CRL Stock Performance
During the last five days, there has been a drop of approximately -4.37%. Over the course of the year, Charles River Laboratories International Inc. shares have dropped approximately -19.80%. Shares of the company reached a 52-week high of $275.00 on 03/08/24 and a 52-week low of $186.21 on 09/10/24. A 50-day SMA is recorded $205.27, while a 200-day SMA reached $224.19. Nevertheless, trading volume fell to 0.86 million shares from 0.68 million shares the previous day.
Support And Resistance Levels for Charles River Laboratories International Inc. (CRL)
According to the 24-hour chart, there is a support level at 188.01, which, if violated, would cause prices to drop to 186.44. In the upper region, resistance lies at 192.53. The next price resistance is at 195.48. RSI (Relative Strength Index) is 37.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -7.73, which suggests the price will decrease in the coming days. Percent R is at 98.93%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
