As this happened, Stifel upgraded its Celestica, Inc. [CLS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who began to cover the stock in mid May with a ‘”an Overweight”‘ rating. CIBC also remained covering CLS and has decreased its forecast on April 26, 2024 with a “Neutral” recommendation from previously “Sector outperform” rating. TD Securities revised its rating on July 28, 2023. It rated CLS as “a Buy” which previously was an “a Hold”.
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Price Performance Review of CLS
On Tuesday, Celestica, Inc. [NYSE:CLS] saw its stock jump 2.54% to $55.71. Over the last five days, the stock has gained 12.25%. Celestica, Inc. shares have risen nearly 90.27% since the year began. Nevertheless, the stocks have risen 110.86% over the past one year. While a 52-week high of $63.49 was reached on 07/16/24, a 52-week low of $20.87 was recorded on 01/17/24. SMA at 50 days reached $49.51, while 200 days put it at $46.47.
Levels Of Support And Resistance For CLS Stock
The 24-hour chart illustrates a support level at 54.83, which if violated will result in even more drops to 53.95. On the upside, there is a resistance level at 56.28. A further resistance level may holdings at 56.85. The Relative Strength Index (RSI) on the 14-day chart is 67.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.31, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.34%. Stochastics %K at 96.07% indicates the stock is a selling.
How much short interest is there in Celestica, Inc.?
A steep rise in short interest was recorded in Celestica, Inc. stocks on 2024-09-13, growing by 24708.0 shares to a total of 3.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 3.48 million shares. There was a rise of 0.7%, which implies that there is a positive sentiment for the stock.
