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 $4.31 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 $36.04 million.
As published in a research note from Evercore ISI on October 07, 2024, Charles River Laboratories International Inc. [CRL] has been rated down from an Outperform to an In-line and the price target has been revised to $190 from $225. Analysts at BofA Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early October. As of October 01, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for CRL. Earlier on August 08, 2024, Robert W. Baird downgraded its rating. Their new recommendation was “a Neutral” for CRL stock which previously was a “an Outperform”.
Analyzing CRL Stock Performance
During the last five days, there has been a surge of approximately 0.97%. Over the course of the year, Charles River Laboratories International Inc. shares have dropped approximately -19.02%. Shares of the company reached a 52-week high of $275.00 on 03/08/24 and a 52-week low of $185.50 on 10/10/24. A 50-day SMA is recorded $200.53, while a 200-day SMA reached $223.09. Nevertheless, trading volume fell to 0.83 million shares from 0.52 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 185.87, which, if violated, would cause prices to drop to 180.31. In the upper region, resistance lies at 196.62. The next price resistance is at 201.81. RSI (Relative Strength Index) is 43.50 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -5.16, which suggests the price will decrease in the coming days. Percent R is at 72.42%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
