Claros Mortgage Trust Inc’s recent filing unveils that its CEO & CHAIRMAN Mack Richard acquired Company’s shares for reported $0.28 million on May 29 ’24. In the deal valued at $6.90 per share,40,000 shares were bought. As a result of this transaction, Mack Richard now holds 2,591,853 shares worth roughly $16.38 million.
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Then, Siegel Jeffrey D bought 5,000 shares, generating $36,150 in total proceeds. Upon buying the shares at $7.23, the insider now owns 167,242 shares.
Before that, WALTER W EDWARD bought 7,000 shares. Claros Mortgage Trust Inc shares valued at $50,470 were divested by the Director at a price of $7.21 per share. As a result of the transaction, WALTER W EDWARD now holds 13,760 shares, worth roughly $86963.2.
Wells Fargo downgraded its Claros Mortgage Trust Inc [CMTG] rating to an Underweight from a an Equal weight in a research note published recently. Wells Fargo revised its rating on August 03, 2023. It rated CMTG as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of CMTG
On Tuesday, Claros Mortgage Trust Inc [NYSE:CMTG] saw its stock jump 0.48% to $6.32. Over the last five days, the stock has lost -1.40%. Claros Mortgage Trust Inc shares have fallen nearly -53.63% since the year began. Nevertheless, the stocks have fallen -43.52% over the past one year. While a 52-week high of $15.25 was reached on 01/02/24, a 52-week low of $6.08 was recorded on 10/14/24. SMA at 50 days reached $7.65, while 200 days put it at $9.06.
Levels Of Support And Resistance For CMTG Stock
The 24-hour chart illustrates a support level at 6.24, which if violated will result in even more drops to 6.15. On the upside, there is a resistance level at 6.42. A further resistance level may holdings at 6.51. The Relative Strength Index (RSI) on the 14-day chart is 26.48, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.29%. Stochastics %K at 9.82% indicates the stock is a buying.
How much short interest is there in Claros Mortgage Trust Inc?
A steep rise in short interest was recorded in Claros Mortgage Trust Inc stocks on 2024-09-30, growing by 0.12 million shares to a total of 6.27 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.15 million shares. There was a rise of 1.92%, which implies that there is a positive sentiment for the stock.
