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. Claros Mortgage Trust Inc shares valued at $276,000 were purchased by Mack Richard on May 29 ’24. At $6.90 per share, Mack Richard acquired 40,000 shares. The insider’s holdings grew to 2,591,853 shares worth approximately $18.82 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, Siegel Jeffrey D purchased 5,000 shares, netting a total of over 36,150 in proceeds. Following the buying of shares at $7.23 each, the insider now holds 167,242 shares.
Before that, WALTER W EDWARD had added 7,000 shares to its account. In a trade valued at $50,470, the Director bought Claros Mortgage Trust Inc shares for $7.21 each. Upon closing the transaction, the insider’s holdings increased to 7,000 shares, worth approximately $99897.59999999999.
As published in a research note from Wells Fargo on September 20, 2024, Claros Mortgage Trust Inc [CMTG] has been rated down from an Equal weight to an Underweight and the price target has been revised to $8. Earlier on August 03, 2023, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for CMTG stock which previously was a “an Overweight”.
Analyzing CMTG Stock Performance
During the last five days, there has been a surge of approximately 12.04%. Over the course of the year, Claros Mortgage Trust Inc shares have dropped approximately -46.74%. Shares of the company reached a 52-week high of $13.88 on 01/02/24 and a 52-week low of $6.08 on 10/14/24. A 50-day SMA is recorded $7.14, while a 200-day SMA reached $8.56. Nevertheless, trading volume fell to 0.64 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Claros Mortgage Trust Inc (CMTG)
According to the 24-hour chart, there is a support level at 6.85, which, if violated, would cause prices to drop to 6.44. In the upper region, resistance lies at 7.53. The next price resistance is at 7.80. RSI (Relative Strength Index) is 63.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.35, which suggests the price will decrease in the coming days. Percent R is at 10.83%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
