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. CMS Energy Corporation shares valued at $137,709 were sold by Hofmeister Brandon J. on Sep 04 ’24. At $68.85 per share, Hofmeister Brandon J. sold 2,000 shares. The insider’s holdings dropped to 66,771 shares worth approximately $4.81 million following the completion of this transaction.
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Also, Hofmeister Brandon J. purchased 2,000 shares, netting a total of over 137,820 in proceeds.
Before that, Rich Brian F had sold 4,000 shares from its account. In a trade valued at $263,982, the Senior Vice President traded CMS Energy Corporation shares for $66.00 each. Upon closing the transaction, the insider’s holdings decreased to 4,000 shares, worth approximately $6.81 million.
As published in a research note from Mizuho on October 15, 2024, CMS Energy Corporation [CMS] has been rated down from an Outperform to a Neutral and the price target has been revised to $72 from $76. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in early April. As of February 02, 2024, Guggenheim has increased its “Neutral” rating to a “Buy” for CMS. Earlier on January 16, 2024, Wolfe Research upgraded its rating. Their new recommendation was “an Outperform” for CMS stock which previously was a “a Peer perform”.
Analyzing CMS Stock Performance
During the last five days, there has been a surge of approximately 1.31%. Over the course of the year, CMS Energy Corporation shares have jumped approximately 24.16%. Nevertheless, trading volume fell to 2.3 million shares from 1.31 million shares the previous day.
Support And Resistance Levels for CMS Energy Corporation (CMS)
RSI (Relative Strength Index) is 67.25 on the 14-day chart, showing neutral technical sentiment.
