The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Catalent Inc. shares valued at $19,190 were sold by Ferraro Joseph Anthony on Oct 18 ’24. At $59.97 per share, Ferraro Joseph Anthony sold 320 shares. The insider’s holdings dropped to 23,967 shares worth approximately $1.42 million following the completion of this transaction.
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Also, Ferraro Joseph Anthony purchased 320 shares, netting a total of over 19,191 in proceeds.
Before that, Hawkeswood Thomas W had added 625 shares to its account. In a trade valued at $37,856, the Officer bought Catalent Inc. shares for $60.57 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 -1.46%. Over the course of the year, Catalent Inc. shares have jumped approximately 32.21%. 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 $60.11, while a 200-day SMA reached $57.04. Nevertheless, trading volume fell to 2.43 million shares from 2.57 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 59.29, which, if violated, would cause prices to drop to 59.17. In the upper region, resistance lies at 59.58. The next price resistance is at 59.75. RSI (Relative Strength Index) is 36.33 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 96.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
