Carpenter Technology Corp.’s recently made public that its Director INGLIS I MARTIN unloaded Company’s shares for reported $0.11 million on Sep 17 ’24. In the deal valued at $143.63 per share,750 shares were sold. As a result of this transaction, INGLIS I MARTIN now holds 4,253 shares worth roughly $0.67 million.
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Then, IAN M INGLIS bought 750 shares, generating $107,723 in total proceeds.
Before that, Younessi Ramin sold 3,234 shares. Carpenter Technology Corp. shares valued at $464,070 were divested by the Director at a price of $143.50 per share. As a result of the transaction, Younessi Ramin now holds 3,887 shares, worth roughly $0.62 million.
BTIG Research reiterated its Carpenter Technology Corp. [CRS] rating to a Buy in a research note published on July 30, 2024; the price target was $165. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. Deutsche Bank began covering CRS with “Buy” recommendation on June 25, 2024. Northcoast revised its rating on May 06, 2024. It rated CRS as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CRS
On Monday, Carpenter Technology Corp. [NYSE:CRS] saw its stock jump 0.04% to $158.59. Over the last five days, the stock has gained 0.83%. Carpenter Technology Corp. shares have risen nearly 124.00% since the year began. Nevertheless, the stocks have risen 154.80% over the past one year. While a 52-week high of $166.51 was reached on 09/26/24, a 52-week low of $58.87 was recorded on 02/06/24. SMA at 50 days reached $149.19, while 200 days put it at $104.48.
Levels Of Support And Resistance For CRS Stock
The 24-hour chart illustrates a support level at 157.62, which if violated will result in even more drops to 156.66. On the upside, there is a resistance level at 159.98. A further resistance level may holdings at 161.38. The Relative Strength Index (RSI) on the 14-day chart is 56.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.39, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.18%. Stochastics %K at 56.40% indicates the stock is a holding.
How much short interest is there in Carpenter Technology Corp.?
A steep rise in short interest was recorded in Carpenter Technology Corp. stocks on 2024-09-30, growing by 0.15 million shares to a total of 1.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.45 million shares. There was a rise of 9.55%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on August 25, 2023 when Northcoast began covering the stock and recommended ‘”a Buy”‘ rating along with a $73 price target.
