CMS Energy Corporation’s filing revealed that its Senior Vice President Hofmeister Brandon J. unloaded Company’s shares for reported $0.14 million on Sep 04 ’24. In the deal valued at $68.85 per share,2,000 shares were sold. As a result of this transaction, Hofmeister Brandon J. now holds 66,771 shares worth roughly $4.63 million.
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Then, Hofmeister Brandon J. bought 2,000 shares, generating $137,820 in total proceeds.
Before that, Rich Brian F sold 4,000 shares. CMS Energy Corporation shares valued at $263,982 were divested by the Senior Vice President at a price of $66.00 per share. As a result of the transaction, Rich Brian F now holds 94,490 shares, worth roughly $6.55 million.
UBS downgraded its CMS Energy Corporation [CMS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who increased its forecast for the stock in early February from “a Neutral” to “a Buy”. Wolfe Research also remained covering CMS and has increased its forecast on January 16, 2024 with a “an Outperform” recommendation from previously “Peer perform” rating. Seaport Research Partners revised its rating on January 08, 2024. It rated CMS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CMS
On Friday, CMS Energy Corporation [NYSE:CMS] saw its stock jump 0.29% to $69.34. Over the last five days, the stock has lost -2.64%. CMS Energy Corporation shares have risen nearly 19.41% since the year began. Nevertheless, the stocks have risen 27.98% over the past one year. While a 52-week high of $71.57 was reached on 10/03/24, a 52-week low of $52.12 was recorded on 02/13/24. SMA at 50 days reached $68.40, while 200 days put it at $61.77.
Levels Of Support And Resistance For CMS Stock
The 24-hour chart illustrates a support level at 69.00, which if violated will result in even more drops to 68.66. On the upside, there is a resistance level at 69.67. A further resistance level may holdings at 70.00. The Relative Strength Index (RSI) on the 14-day chart is 48.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.44%. Stochastics %K at 13.63% indicates the stock is a buying.
How much short interest is there in CMS Energy Corporation?
A steep rise in short interest was recorded in CMS Energy Corporation stocks on 2024-09-30, growing by 0.69 million shares to a total of 9.65 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.95 million shares. There was a rise of 7.2%, which implies that there is a positive sentiment for the stock.
