Cintas Corporation’s recent filing unveils that its CEO and Director Schneider Todd M. unloaded Company’s shares for reported $5.27 million on Jul 29 ’24. In the deal valued at $764.05 per share,6,896 shares were sold. As a result of this transaction, Schneider Todd M. now holds 146,936 shares worth roughly $33.02 million.
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Then, Schneider Todd M. bought 6,896 shares, generating $5,262,062 in total proceeds.
Before that, Adolph Gerald S sold 1,100 shares. Cintas Corporation shares valued at $842,292 were divested by the Director at a price of $765.72 per share. As a result of the transaction, Adolph Gerald S now holds 31,452 shares, worth roughly $7.07 million.
Wells Fargo initiated its Cintas Corporation [CTAS] rating to an Underweight in a research note published on August 13, 2024; the price target was $735. A number of analysts have revised their coverage, including Redburn Atlantic’s analysts, who began to cover the stock in early August with a ‘”a Neutral”‘ rating. Robert W. Baird also remained covering CTAS and has decreased its forecast on July 19, 2024 with a “Neutral” recommendation from previously “an Outperform” rating. RBC Capital Mkts revised its rating on July 15, 2024. It rated CTAS as “a Sector perform” which previously was an “an Outperform”.
Price Performance Review of CTAS
On Tuesday, Cintas Corporation [NASDAQ:CTAS] saw its stock jump 0.28% to $224.73. Over the last five days, the stock has gained 7.53%. Cintas Corporation shares have risen nearly 49.16% since the year began. Nevertheless, the stocks have risen 68.50% over the past one year. While a 52-week high of $227.35 was reached on 11/11/24, a 52-week low of $132.65 was recorded on 01/05/24. SMA at 50 days reached $208.00, while 200 days put it at $181.10.
Levels Of Support And Resistance For CTAS Stock
The 24-hour chart illustrates a support level at 223.73, which if violated will result in even more drops to 222.74. On the upside, there is a resistance level at 225.58. A further resistance level may holdings at 226.44. The Relative Strength Index (RSI) on the 14-day chart is 72.99, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.91, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 11.68%. Stochastics %K at 89.03% indicates the stock is a selling.
How much short interest is there in Cintas Corporation?
A steep rise in short interest was recorded in Cintas Corporation stocks on 2024-10-15, dropping by -1.59 million shares to a total of 5.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.55 million shares. There was a decline of -26.78%, which implies that there is a negative sentiment for the stock.
