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Catalent Inc. (CTLT) gets rating Upgrade from Robert W. Baird

Catalent Inc.’s filing revealed that its SVP, General Counsel, CCO Ferraro Joseph Anthony unloaded Company’s shares for reported $19190.0 on Oct 18 ’24. In the deal valued at $59.97 per share,320 shares were sold. As a result of this transaction, Ferraro Joseph Anthony now holds 23,967 shares worth roughly $1.42 million.

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Then, Ferraro Joseph Anthony bought 320 shares, generating $19,191 in total proceeds.

Before that, Hawkeswood Thomas W bought 625 shares. Catalent Inc. shares valued at $37,856 were divested by the Officer at a price of $60.57 per share.

Robert W. Baird upgraded its Catalent Inc. [CTLT] rating to an Outperform from a a Neutral in a research note published on November 16, 2023; the price target was increased to $53 from $45. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. Wells Fargo began covering CTLT with “an Equal weight” recommendation on July 20, 2023.

Price Performance Review of CTLT

On Friday, Catalent Inc. [NYSE:CTLT] saw its stock fall -0.69% to $59.09. Over the last five days, the stock has lost -1.99%. Catalent Inc. shares have risen nearly 31.52% since the year began. Nevertheless, the stocks have risen 49.86% over the past one year. While a 52-week high of $61.20 was reached on 08/30/24, a 52-week low of $31.80 was recorded on 01/04/24. SMA at 50 days reached $60.10, while 200 days put it at $57.14.

Levels Of Support And Resistance For CTLT Stock

The 24-hour chart illustrates a support level at 58.89, which if violated will result in even more drops to 58.70. On the upside, there is a resistance level at 59.39. A further resistance level may holdings at 59.70. The Relative Strength Index (RSI) on the 14-day chart is 33.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 95.50%. Stochastics %K at 7.27% indicates the stock is a buying.

How much short interest is there in Catalent Inc.?

A steep rise in short interest was recorded in Catalent Inc. stocks on 2024-10-15, dropping by -1.19 million shares to a total of 8.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 9.51 million shares. There was a decline of -14.24%, which implies that there is a negative sentiment for the stock.

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