In a filing, Cummins Inc revealed its Senior Vice President Satterthwaite Tony unloaded Company’s shares for reported $7.47 million on Aug 23 ’24. In the deal valued at $308.24 per share,24,250 shares were sold. As a result of this transaction, Satterthwaite Tony now holds 77,442 shares worth roughly $25.22 million.
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Then, LIVINGSTON LORD SATTERTHWAITE bought 24,250 shares, generating $7,474,876 in total proceeds.
Before that, Barner Sharon R sold 6,489 shares. Cummins Inc shares valued at $1,977,637 were divested by the VP – Chief Administrative Off. at a price of $304.77 per share. As a result of the transaction, Barner Sharon R now holds 20,873 shares, worth roughly $6.8 million.
Raymond James initiated its Cummins Inc [CMI] rating to a Mkt perform in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late June with a ‘”a Buy”‘ rating. TD Cowen also remained covering CMI and reiterated its “Buy” recommendation on May 10, 2024. UBS revised its rating on March 15, 2024. It rated CMI as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CMI
On Monday, Cummins Inc [NYSE:CMI] saw its stock fall -0.88% to $325.62. Over the last five days, the stock has lost -2.70%. Cummins Inc shares have risen nearly 35.92% since the year began. Nevertheless, the stocks have risen 49.41% over the past one year. While a 52-week high of $340.82 was reached on 10/18/24, a 52-week low of $212.80 was recorded on 01/19/24. SMA at 50 days reached $319.19, while 200 days put it at $289.44.
Levels Of Support And Resistance For CMI Stock
The 24-hour chart illustrates a support level at 323.45, which if violated will result in even more drops to 321.27. On the upside, there is a resistance level at 329.09. A further resistance level may holdings at 332.55. The Relative Strength Index (RSI) on the 14-day chart is 47.29, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.53%. Stochastics %K at 12.43% indicates the stock is a buying.
How much short interest is there in Cummins Inc?
A steep rise in short interest was recorded in Cummins Inc stocks on 2024-10-15, dropping by 77468.0 shares to a total of 2.16 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.24 million shares. There was a decline of -3.58%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 14, 2024 when Truist began covering the stock and recommended ‘”a Hold”‘ rating along with a $303 price target.
