Following these proceedings, Deutsche Bank downgraded its Constellium SE [CSTM] rating to a Hold from a a Buy in a research note published on October 24, 2024; the price target was decreased to $12 from $22. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. JP Morgan began covering CSTM with “an Overweight” recommendation on May 08, 2023. JP Morgan revised its rating on December 10, 2021. It rated CSTM as “a Neutral” which previously was an “an Overweight”.
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Price Performance Review of CSTM
On Tuesday, Constellium SE [NYSE:CSTM] saw its stock fall -4.04% to $11.41. Over the last five days, the stock has lost -23.58%. Constellium SE shares have fallen nearly -42.84% since the year began. Nevertheless, the stocks have fallen -25.52% over the past one year. While a 52-week high of $23.20 was reached on 04/04/24, a 52-week low of $10.49 was recorded on 10/23/24. SMA at 50 days reached $15.43, while 200 days put it at $18.52.
Levels Of Support And Resistance For CSTM Stock
The 24-hour chart illustrates a support level at 11.23, which if violated will result in even more drops to 11.04. On the upside, there is a resistance level at 11.73. A further resistance level may holdings at 12.04. The Relative Strength Index (RSI) on the 14-day chart is 31.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.92, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.30%. Stochastics %K at 22.70% indicates the stock is a holding.
How much short interest is there in Constellium SE?
A steep rise in short interest was recorded in Constellium SE stocks on 2024-10-15, dropping by -0.58 million shares to a total of 2.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.05 million shares. There was a decline of -23.35%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 17, 2021 when Wolfe Research began covering the stock and recommended ‘”an Outperform”‘ rating along with a $24 price target.
