Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Calumet Inc. shares valued at $167,109 were sold by Morical Gregory J on May 15 ’24. At $15.04 per share, Morical Gregory J sold 11,111 shares. The insider’s holdings dropped to 33,845 shares worth approximately $0.64 million following the completion of this transaction.
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Also, Mawer Stephen P sold 15,037 shares, netting a total of over 268,711 in proceeds. Following the sale of shares at $17.87 each, the insider now holds 172,610 shares.
Before that, Willman Ryan had sold 1,000 shares from its account. In a trade valued at $19,000, the Chief Accounting Officer traded Calumet Inc. shares for $19.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,000 shares, worth approximately $0.14 million.
As published in a research note from TD Cowen on August 12, 2024, Calumet Inc. [CLMT] has been retained to a Buy and the price target has been revised to $18. Analysts at Goldman upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of February 28, 2022, Cowen has reiterated its “an Outperform” rating for CLMT. Earlier on January 06, 2022, Credit Suisse initiated its rating. Their recommendation was “a Neutral” for CLMT stock.
Analyzing CLMT Stock Performance
During the last five days, there has been a surge of approximately 11.58%. Over the course of the year, Calumet Inc. shares have jumped approximately 6.21%. Shares of the company reached a 52-week high of $21.19 on 08/23/24 and a 52-week low of $9.97 on 08/05/24. A 50-day SMA is recorded $16.34, while a 200-day SMA reached $16.00. Nevertheless, trading volume fell to 0.65 million shares from 0.26 million shares the previous day.
Support And Resistance Levels for Calumet Inc. (CLMT)
According to the 24-hour chart, there is a support level at 18.04, which, if violated, would cause prices to drop to 17.10. In the upper region, resistance lies at 19.58. The next price resistance is at 20.18. RSI (Relative Strength Index) is 60.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 10.97%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
