As this happened, Stifel upgraded its Celestica, Inc. [CLS] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Fox Advisors’s analysts, who began to cover the stock in mid May with a ‘”an Overweight”‘ rating. CIBC also remained covering CLS and has decreased its forecast on April 26, 2024 with a “Neutral” recommendation from previously “Sector outperform” rating. TD Securities revised its rating on July 28, 2023. It rated CLS as “a Buy” which previously was an “a Hold”.
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Price Performance Review of CLS
On Tuesday, Celestica, Inc. [NYSE:CLS] saw its stock fall -1.20% to $56.00. Over the last five days, the stock has lost -8.36%. Celestica, Inc. shares have risen nearly 91.26% since the year began. Nevertheless, the stocks have risen 116.97% over the past one year. While a 52-week high of $64.56 was reached on 10/14/24, a 52-week low of $20.87 was recorded on 01/17/24. SMA at 50 days reached $51.79, while 200 days put it at $47.99.
Levels Of Support And Resistance For CLS Stock
The 24-hour chart illustrates a support level at 55.39, which if violated will result in even more drops to 54.78. On the upside, there is a resistance level at 56.85. A further resistance level may holdings at 57.69. The Relative Strength Index (RSI) on the 14-day chart is 53.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.90%. Stochastics %K at 49.12% indicates the stock is a holding.
How much short interest is there in Celestica, Inc.?
A steep rise in short interest was recorded in Celestica, Inc. stocks on 2024-09-30, dropping by 77002.0 shares to a total of 3.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.22 million shares. There was a decline of -2.45%, which implies that there is a negative sentiment for the stock.
