Catalent Inc.’s filing revealed that its Group President, Biologics McErlane David unloaded Company’s shares for reported $0.12 million on Sep 26 ’24. In the deal valued at $59.97 per share,1,994 shares were sold. As a result of this transaction, McErlane David now holds 36,304 shares worth roughly $2.19 million.
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Then, McErlane David bought 2,168 shares, generating $130,026 in total proceeds.
Before that, Hopson Ricky sold 662 shares. Catalent Inc. shares valued at $39,429 were divested by the Pres. BioProduct Delivery, CoS at a price of $59.56 per share. As a result of the transaction, Hopson Ricky now holds 29,974 shares, worth roughly $1.81 million.
Robert W. Baird upgraded its Catalent Inc. [CTLT] rating to an Outperform from a a Neutral in a research note published on November 16, 2023; the price target was increased to $53 from $45. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. Wells Fargo began covering CTLT with “an Equal weight” recommendation on July 20, 2023.
Price Performance Review of CTLT
On Friday, Catalent Inc. [NYSE:CTLT] saw its stock fall -0.43% to $60.45. Over the last five days, the stock has lost -0.23%. Catalent Inc. shares have risen nearly 34.54% since the year began. Nevertheless, the stocks have risen 29.80% over the past one year. While a 52-week high of $61.20 was reached on 08/30/24, a 52-week low of $31.80 was recorded on 01/04/24. SMA at 50 days reached $60.01, while 200 days put it at $56.43.
Levels Of Support And Resistance For CTLT Stock
The 24-hour chart illustrates a support level at 60.32, which if violated will result in even more drops to 60.18. On the upside, there is a resistance level at 60.70. A further resistance level may holdings at 60.95. The Relative Strength Index (RSI) on the 14-day chart is 53.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.37%. Stochastics %K at 81.67% indicates the stock is a selling.
How much short interest is there in Catalent Inc.?
A steep rise in short interest was recorded in Catalent Inc. stocks on 2024-09-30, dropping by -0.81 million shares to a total of 8.31 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.12 million shares. There was a decline of -9.75%, which implies that there is a negative sentiment for the stock.
