Cummins Inc’s recent filing unveils that its Officer SHARON BARNER acquired Company’s shares for reported $57840.0 on Nov 08 ’24. In the deal valued at $357.04 per share,162 shares were bought.
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Then, Satterthwaite Tony sold 24,250 shares, generating $7,474,875 in total proceeds. Upon selling the shares at $308.24, the Senior Vice President now owns 77,442 shares.
Before that, LIVINGSTON LORD SATTERTHWAITE bought 24,250 shares. Cummins Inc shares valued at $7,474,876 were divested by the Officer at a price of $308.24 per share.
Vertical Research downgraded its Cummins Inc [CMI] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late June with a ‘”a Mkt perform”‘ rating. Citigroup began covering CMI with “Buy” recommendation on June 26, 2024. TD Cowen maintained its rating on May 10, 2024. It rated CMI as “a Buy”.
Price Performance Review of CMI
On Monday, Cummins Inc [NYSE:CMI] saw its stock jump 0.55% to $358.43. Over the last five days, the stock has gained 10.08%. Cummins Inc shares have risen nearly 49.61% since the year began. Nevertheless, the stocks have risen 66.37% over the past one year. While a 52-week high of $370.21 was reached on 11/06/24, a 52-week low of $214.57 was recorded on 01/19/24. SMA at 50 days reached $323.89, while 200 days put it at $292.42.
Levels Of Support And Resistance For CMI Stock
The 24-hour chart illustrates a support level at 356.89, which if violated will result in even more drops to 355.36. On the upside, there is a resistance level at 360.07. A further resistance level may holdings at 361.72. The Relative Strength Index (RSI) on the 14-day chart is 72.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 17.08, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.91%. Stochastics %K at 69.93% indicates the stock is a holding.
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.
