As this happened, UBS initiated its Constellium SE [CSTM] rating to a Buy in a research note published on January 16, 2024; the price target was $27. A number of analysts have revised their coverage, including JP Morgan’s analysts, who began to cover the stock in early May with a ‘”an Overweight”‘ rating. JP Morgan also remained covering CSTM and has decreased its forecast on December 10, 2021 with a “Neutral” recommendation from previously “an Overweight” rating. Wolfe Research started covering the stock on November 17, 2021. It rated CSTM as “an Outperform”.
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Price Performance Review of CSTM
On Tuesday, Constellium SE [NYSE:CSTM] saw its stock jump 5.59% to $14.93. Over the last five days, the stock has gained 2.68%. Constellium SE shares have fallen nearly -25.20% since the year began. Nevertheless, the stocks have fallen -6.28% over the past one year. While a 52-week high of $23.20 was reached on 04/04/24, a 52-week low of $14.12 was recorded on 10/22/24. SMA at 50 days reached $15.91, while 200 days put it at $18.70.
Levels Of Support And Resistance For CSTM Stock
The 24-hour chart illustrates a support level at 14.35, which if violated will result in even more drops to 13.77. On the upside, there is a resistance level at 15.28. A further resistance level may holdings at 15.63. The Relative Strength Index (RSI) on the 14-day chart is 45.43, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 57.93%. Stochastics %K at 25.83% indicates the stock is a holding.
How much short interest is there in Constellium SE?
A steep rise in short interest was recorded in Constellium SE stocks on 2024-09-30, dropping by -0.45 million shares to a total of 2.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 3.06 million shares. There was a decline of -17.15%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on September 10, 2021 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
