Calumet Inc.’s filing revealed that its SVP, GENERAL COUNSEL Morical Gregory J unloaded Company’s shares for reported $0.17 million on May 15 ’24. In the deal valued at $15.04 per share,11,111 shares were sold. As a result of this transaction, Morical Gregory J now holds 33,845 shares worth roughly $0.74 million.
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Then, Mawer Stephen P sold 15,037 shares, generating $268,711 in total proceeds. Upon selling the shares at $17.87, the Director now owns 172,610 shares.
Before that, Willman Ryan sold 1,000 shares. Calumet Inc. shares valued at $19,000 were divested by the Chief Accounting Officer at a price of $19.00 per share. As a result of the transaction, Willman Ryan now holds 7,361 shares, worth roughly $0.16 million.
TD Cowen reiterated its Calumet Inc. [CLMT] rating to a Buy in a research note published on August 12, 2024; the price target was $18. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. Cowen also remained covering CLMT and reiterated its “an Outperform” recommendation on February 28, 2022. Credit Suisse started covering the stock on January 06, 2022. It rated CLMT as “a Neutral”.
Price Performance Review of CLMT
On Tuesday, Calumet Inc. [NASDAQ:CLMT] saw its stock jump 2.34% to $21.88. Over the last five days, the stock has gained 8.00%. Calumet Inc. shares have risen nearly 22.44% since the year began. Nevertheless, the stocks have risen 28.03% over the past one year. While a 52-week high of $21.68 was reached on 10/15/24, a 52-week low of $9.97 was recorded on 08/05/24. SMA at 50 days reached $17.65, while 200 days put it at $16.15.
Levels Of Support And Resistance For CLMT Stock
The 24-hour chart illustrates a support level at 20.81, which if violated will result in even more drops to 19.74. On the upside, there is a resistance level at 22.47. A further resistance level may holdings at 23.05. The Relative Strength Index (RSI) on the 14-day chart is 72.32, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.89, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.11%. Stochastics %K at 94.88% indicates the stock is a selling.
How much short interest is there in Calumet Inc.?
A steep rise in short interest was recorded in Calumet Inc. stocks on 2024-09-30, growing by 2.91 million shares to a total of 5.26 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.35 million shares. There was a rise of 55.28%, which implies that there is a positive sentiment for the stock.
