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CLSA upgrades Charles River Laboratories International Inc (CRL) stock to a Hold

Charles River Laboratories International Inc’s filing revealed that its Director WALLMAN RICHARD F acquired Company’s shares for reported $2.63 million on Nov 07 ’24. In the deal valued at $216.01 per share,12,161 shares were bought.

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Then, LaPlume Joseph W sold 1,780 shares, generating $354,861 in total proceeds. Upon selling the shares at $199.36, the EVP, Corp Strategy & Develop now owns 22,521 shares.

Before that, Joseph LaPlume bought 1,780 shares. Charles River Laboratories International Inc shares valued at $350,000 were divested by the Officer at a price of $196.63 per share.

CLSA upgraded its Charles River Laboratories International Inc [CRL] rating to a Hold from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including CLSA’s analysts, who began to cover the stock in late October with a ‘”an Underperform”‘ rating. Redburn Atlantic began covering CRL with “Sell” recommendation on October 14, 2024. Evercore ISI revised its rating on October 07, 2024. It rated CRL as “an In-line” which previously was an “an Outperform”.

Price Performance Review of CRL

On Friday, Charles River Laboratories International Inc [NYSE:CRL] saw its stock jump 2.43% to $215.39. Over the last five days, the stock has gained 19.03%. Charles River Laboratories International Inc shares have fallen nearly -8.89% since the year began. Nevertheless, the stocks have risen 22.40% over the past one year. While a 52-week high of $275.00 was reached on 03/08/24, a 52-week low of $166.87 was recorded on 10/31/24. SMA at 50 days reached $193.92, while 200 days put it at $220.10.

Levels Of Support And Resistance For CRL Stock

The 24-hour chart illustrates a support level at 210.56, which if violated will result in even more drops to 205.73. On the upside, there is a resistance level at 218.18. A further resistance level may holdings at 220.97. The Relative Strength Index (RSI) on the 14-day chart is 68.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 23.30, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 27.33%. Stochastics %K at 68.76% indicates the stock is a holding.

How much short interest is there in Charles River Laboratories International Inc?

A steep rise in short interest was recorded in Charles River Laboratories International Inc stocks on 2024-10-15, growing by 0.22 million shares to a total of 2.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.89 million shares. There was a rise of 10.46%, which implies that there is a positive sentiment for the stock.

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