Calumet Inc.’s recently made public that its SVP, GENERAL COUNSEL Morical Gregory J unloaded Company’s shares for reported $0.17 million on May 15 ’24. In the deal valued at $15.04 per share,11,111 shares were sold. As a result of this transaction, Morical Gregory J now holds 33,845 shares worth roughly $0.68 million.
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Then, Mawer Stephen P sold 15,037 shares, generating $268,711 in total proceeds. Upon selling the shares at $17.87, the Director now owns 172,610 shares.
TD Cowen reiterated its Calumet Inc. [CLMT] rating to a Buy in a research note published on October 17, 2024; the price target was $27. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid August has reiterated a ‘”a Buy”‘ rating for it. Goldman also remained covering CLMT and has increased its forecast on August 18, 2022 with a “Buy” recommendation from previously “Neutral” rating. Cowen maintained its rating on February 28, 2022. It rated CLMT as “an Outperform”.
Price Performance Review of CLMT
On Tuesday, Calumet Inc. [NASDAQ:CLMT] saw its stock fall -5.98% to $20.13. Over the last five days, the stock has lost -5.05%. Calumet Inc. shares have risen nearly 12.65% since the year began. Nevertheless, the stocks have risen 54.73% over the past one year. While a 52-week high of $25.29 was reached on 10/17/24, a 52-week low of $9.97 was recorded on 08/05/24. SMA at 50 days reached $18.95, while 200 days put it at $16.33.
Levels Of Support And Resistance For CLMT Stock
The 24-hour chart illustrates a support level at 19.62, which if violated will result in even more drops to 19.11. On the upside, there is a resistance level at 21.08. A further resistance level may holdings at 22.03. The Relative Strength Index (RSI) on the 14-day chart is 50.69, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.31%. Stochastics %K at 22.06% indicates the stock is a holding.
How much short interest is there in Calumet Inc.?
A steep rise in short interest was recorded in Calumet Inc. stocks on 2024-10-15, growing by 2.7 million shares to a total of 5.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.92 million shares. There was a rise of 48.04%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on January 06, 2022 when Credit Suisse began covering the stock and recommended ‘”a Neutral”‘ rating along with a $23 price target.
