Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Calumet Inc. shares valued at $167,109 were sold by Morical Gregory J on May 15 ’24. At $15.04 per share, Morical Gregory J sold 11,111 shares. The insider’s holdings dropped to 33,845 shares worth approximately $0.71 million following the completion of this transaction.
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Also, Mawer Stephen P sold 15,037 shares, netting a total of over 268,711 in proceeds. Following the sale of shares at $17.87 each, the insider now holds 172,610 shares.
As published in a research note from TD Cowen on October 17, 2024, Calumet Inc. [CLMT] has been retained to a Buy and the price target has been revised to $27. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid August. As of August 18, 2022, Goldman has increased its “Neutral” rating to a “Buy” for CLMT. Earlier on February 28, 2022, Cowen resumed its rating. Their recommendation was “an Outperform” for CLMT stock.
Analyzing CLMT Stock Performance
During the last five days, there has been a drop of approximately -3.92%. Over the course of the year, Calumet Inc. shares have jumped approximately 17.91%. Shares of the company reached a 52-week high of $25.29 on 10/17/24 and a 52-week low of $9.97 on 08/05/24. A 50-day SMA is recorded $18.62, while a 200-day SMA reached $16.25. Nevertheless, trading volume fell to 0.63 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Calumet Inc. (CLMT)
According to the 24-hour chart, there is a support level at 20.62, which, if violated, would cause prices to drop to 20.18. In the upper region, resistance lies at 21.89. The next price resistance is at 22.72. RSI (Relative Strength Index) is 59.99 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.23, which suggests the price will decrease in the coming days. Percent R is at 67.09%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
