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. Carpenter Technology Corp. shares valued at $107,722 were sold by INGLIS I MARTIN on Sep 17 ’24. At $143.63 per share, INGLIS I MARTIN sold 750 shares. The insider’s holdings dropped to 4,253 shares worth approximately $0.66 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, IAN M INGLIS purchased 750 shares, netting a total of over 107,723 in proceeds.
Before that, Younessi Ramin had sold 3,234 shares from its account. In a trade valued at $464,070, the Director traded Carpenter Technology Corp. shares for $143.50 each. Upon closing the transaction, the insider’s holdings decreased to 3,234 shares, worth approximately $0.6 million.
As published in a research note from BTIG Research on July 30, 2024, Carpenter Technology Corp. [CRS] has been retained to a Buy and the price target has been revised to $165. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in late June. As of June 25, 2024, Deutsche Bank has initiated its “Buy” rating for CRS. Earlier on May 06, 2024, Northcoast downgraded its rating. Their new recommendation was “a Neutral” for CRS stock which previously was a “a Buy”.
Analyzing CRS Stock Performance
During the last five days, there has been a drop of approximately -3.26%. Over the course of the year, Carpenter Technology Corp. shares have jumped approximately 118.04%. Shares of the company reached a 52-week high of $166.51 on 09/26/24 and a 52-week low of $58.87 on 02/06/24. A 50-day SMA is recorded $150.07, while a 200-day SMA reached $105.82. Nevertheless, trading volume fell to 1.36 million shares from 0.71 million shares the previous day.
Support And Resistance Levels for Carpenter Technology Corp. (CRS)
According to the 24-hour chart, there is a support level at 147.09, which, if violated, would cause prices to drop to 139.82. In the upper region, resistance lies at 159.31. The next price resistance is at 164.26. RSI (Relative Strength Index) is 47.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.26, which suggests the price will decrease in the coming days. Percent R is at 50.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
