Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Catalent Inc. shares valued at $37,856 were purchased by Hawkeswood Thomas W on Oct 16 ’24. At $60.57 per share, Hawkeswood Thomas W acquired 625 shares.
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Also, McErlane David sold 1,994 shares, netting a total of over 119,580 in proceeds. Following the sale of shares at $59.97 each, the insider now holds 36,304 shares.
Before that, McErlane David had added 2,168 shares to its account. In a trade valued at $130,026, the Officer bought Catalent Inc. shares for $59.98 each.
As published in a research note from Robert W. Baird on November 16, 2023, Catalent Inc. [CTLT] has been rated up from a Neutral to an Outperform and the price target has been revised to $53 from $45. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of July 20, 2023, Wells Fargo has initiated its “an Equal weight” rating for CTLT.
Analyzing CTLT Stock Performance
During the last five days, there has been a drop of approximately -1.12%. Over the course of the year, Catalent Inc. shares have jumped approximately 34.16%. Shares of the company reached a 52-week high of $61.20 on 08/30/24 and a 52-week low of $42.11 on 01/04/24. A 50-day SMA is recorded $60.08, while a 200-day SMA reached $56.66. Nevertheless, trading volume fell to 1.45 million shares from 2.21 million shares the previous day.
Support And Resistance Levels for Catalent Inc. (CTLT)
According to the 24-hour chart, there is a support level at 60.10, which, if violated, would cause prices to drop to 59.93. In the upper region, resistance lies at 60.58. The next price resistance is at 60.89. RSI (Relative Strength Index) is 49.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.04, which suggests the price will decrease in the coming days. Percent R is at 75.00%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
