The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Centuri Holdings Inc. shares valued at $330,000 were purchased by Fehrman William on Jul 31 ’24. At $16.50 per share, Fehrman William acquired 20,000 shares. The insider’s holdings grew to 45,000 shares worth approximately $0.78 million following the completion of this transaction.
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Also, Izenstark Gregory A. purchased 5,250 shares, netting a total of over 110,250 in proceeds. Following the buying of shares at $21.00 each, the insider now holds 5,250 shares.
Before that, Dill Julie had added 5,000 shares to its account. In a trade valued at $105,000, the Director bought Centuri Holdings Inc. shares for $21.00 each. Upon closing the transaction, the insider’s holdings increased to 5,000 shares, worth approximately $86649.99999999999.
As published in a research note from JP Morgan on October 07, 2024, Centuri Holdings Inc. [CTRI] has been rated down from a Neutral to an Underweight and the price target has been revised to $16 from $19. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of June 27, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for CTRI. Earlier on May 13, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for CTRI stock.
Analyzing CTRI Stock Performance
During the last five days, there has been a surge of approximately 11.73%. Over the course of the year, Centuri Holdings Inc. shares have dropped approximately -25.08%. Nevertheless, trading volume fell to 0.89 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Centuri Holdings Inc. (CTRI)
According to the 24-hour chart, there is a support level at 16.77, which, if violated, would cause prices to drop to 16.21. In the upper region, resistance lies at 17.73. The next price resistance is at 18.13. RSI (Relative Strength Index) is 59.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.79, which suggests the price will decrease in the coming days. Percent R is at 8.96%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
