Calumet Inc’s filing revealed that its SVP, GENERAL COUNSEL Morical Gregory J unloaded Company’s shares for reported $0.17 million on May 15 ’24. In the deal valued at $15.04 per share,11,111 shares were sold. As a result of this transaction, Morical Gregory J now holds 33,845 shares worth roughly $0.69 million.
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Then, Mawer Stephen P sold 15,037 shares, generating $268,711 in total proceeds. Upon selling the shares at $17.87, the Director now owns 172,610 shares.
TD Cowen reiterated its Calumet Inc [CLMT] rating to a Buy in a research note published on November 11, 2024; the price target was $26. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering CLMT and reiterated its “Buy” recommendation on August 12, 2024. Goldman revised its rating on August 18, 2022. It rated CLMT as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CLMT
On Tuesday, Calumet Inc [NASDAQ:CLMT] saw its stock fall -8.63% to $20.33. Over the last five days, the stock has lost -1.07%. Calumet Inc shares have risen nearly 13.77% since the year began. Nevertheless, the stocks have risen 35.62% over the past one year. While a 52-week high of $25.29 was reached on 10/17/24, a 52-week low of $9.97 was recorded on 08/05/24. SMA at 50 days reached $19.40, while 200 days put it at $16.57.
Levels Of Support And Resistance For CLMT Stock
The 24-hour chart illustrates a support level at 19.55, which if violated will result in even more drops to 18.78. On the upside, there is a resistance level at 21.70. A further resistance level may holdings at 23.08. The Relative Strength Index (RSI) on the 14-day chart is 48.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.86%. Stochastics %K at 75.82% indicates the stock is a holding.
How much short interest is there in Calumet Inc?
A steep rise in short interest was recorded in Calumet Inc stocks on 2024-10-15, growing by 2.7 million shares to a total of 5.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.92 million shares. There was a rise of 48.04%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 28, 2022 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $20.
