In a filing, Cal-Maine Foods, Inc. revealed its VP – General Counsel Holladay Robert L Jr unloaded Company’s shares for reported $0.11 million on Aug 20 ’24. In the deal valued at $70.93 per share,1,500 shares were sold. As a result of this transaction, Holladay Robert L Jr now holds 16,754 shares worth roughly $1.55 million.
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Then, Walters Michael Todd sold 3,000 shares, generating $210,600 in total proceeds. Upon selling the shares at $70.20, the COO now owns 5,310 shares.
Before that, Poole James E sold 1,500 shares. Cal-Maine Foods, Inc. shares valued at $105,971 were divested by the Director at a price of $70.65 per share. As a result of the transaction, Poole James E now holds 10,170 shares, worth roughly $0.94 million.
A number of analysts have revised their coverage, including Stephens’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “an Equal-weight”. Consumer Edge Research also remained covering CALM and has increased its forecast on March 30, 2022 with a “an Overweight” recommendation from previously “an Equal weight” rating. BofA Securities revised its rating on May 26, 2021. It rated CALM as “an Underperform” which previously was an “a Buy”.
Price Performance Review of CALM
On Tuesday, Cal-Maine Foods, Inc. [NASDAQ:CALM] saw its stock jump 1.83% to $92.22. Over the last five days, the stock has gained 5.51%. Cal-Maine Foods, Inc. shares have risen nearly 60.69% since the year began. Nevertheless, the stocks have risen 86.08% over the past one year. While a 52-week high of $90.85 was reached on 10/15/24, a 52-week low of $44.30 was recorded on 01/04/24. SMA at 50 days reached $74.40, while 200 days put it at $63.19.
Levels Of Support And Resistance For CALM Stock
The 24-hour chart illustrates a support level at 89.72, which if violated will result in even more drops to 87.21. On the upside, there is a resistance level at 93.89. A further resistance level may holdings at 95.55. The Relative Strength Index (RSI) on the 14-day chart is 86.36, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.81, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.04%. Stochastics %K at 97.64% indicates the stock is a selling.
How much short interest is there in Cal-Maine Foods, Inc.?
A steep rise in short interest was recorded in Cal-Maine Foods, Inc. stocks on 2024-09-30, growing by 0.15 million shares to a total of 1.99 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.84 million shares. There was a rise of 7.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 28, 2020 when BofA Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $47 price target.
