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. Commvault Systems Inc shares valued at $239,680 were sold by Lee Vivie on Aug 30 ’24. At $152.76 per share, Lee Vivie sold 1,569 shares. The insider’s holdings dropped to 13,550 shares worth approximately $2.33 million following the completion of this transaction.
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Also, Adamo Nicola sold 1,569 shares, netting a total of over 239,680 in proceeds. Following the sale of shares at $152.76 each, the insider now holds 17,903 shares.
Before that, Pickens Allison had sold 1,232 shares from its account. In a trade valued at $189,595, the Director traded Commvault Systems Inc shares for $153.89 each. Upon closing the transaction, the insider’s holdings decreased to 1,232 shares, worth approximately $1.23 million.
As published in a research note from Guggenheim on October 15, 2024, Commvault Systems Inc [CVLT] has been rated down from a Buy to a Neutral. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in late January. As of August 17, 2023, DA Davidson has initiated its “Buy” rating for CVLT. Earlier on January 27, 2023, Guggenheim initiated its rating. Their recommendation was “a Buy” for CVLT stock.
Analyzing CVLT Stock Performance
During the last five days, there has been a surge of approximately 5.91%. Over the course of the year, Commvault Systems Inc shares have jumped approximately 115.20%. Shares of the company reached a 52-week high of $172.83 on 11/06/24 and a 52-week low of $73.33 on 01/05/24. A 50-day SMA is recorded $150.53, while a 200-day SMA reached $121.12. Nevertheless, trading volume fell to 0.67 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Commvault Systems Inc (CVLT)
According to the 24-hour chart, there is a support level at 168.71, which, if violated, would cause prices to drop to 165.58. In the upper region, resistance lies at 173.90. The next price resistance is at 175.96. RSI (Relative Strength Index) is 65.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.96, which suggests the price will increase in the coming days. Percent R is at 2.40%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
