Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Catalent Inc shares valued at $167,160 were sold by Ryan Michelle R on Nov 11 ’24. At $59.70 per share, Ryan Michelle R sold 2,800 shares. The insider’s holdings dropped to 10,835 shares worth approximately $0.64 million following the completion of this transaction.
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Also, Ryan Michelle R purchased 2,800 shares, netting a total of over 167,160 in proceeds.
Before that, Ferraro Joseph Anthony had sold 320 shares from its account. In a trade valued at $19,190, the SVP, General Counsel, CCO traded Catalent Inc shares for $59.97 each. Upon closing the transaction, the insider’s holdings decreased to 320 shares, worth approximately $1.41 million.
As published in a research note from Robert W. Baird on November 16, 2023, Catalent Inc [CTLT] has been rated up from a Neutral to an Outperform and the price target has been revised to $53 from $45. Analysts at Argus upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of July 20, 2023, Wells Fargo has initiated its “an Equal weight” rating for CTLT.
Analyzing CTLT Stock Performance
During the last five days, there has been a drop of approximately -1.69%. Over the course of the year, Catalent Inc shares have jumped approximately 31.12%. Shares of the company reached a 52-week high of $61.20 on 08/30/24 and a 52-week low of $42.11 on 01/04/24. A 50-day SMA is recorded $59.86, while a 200-day SMA reached $57.75. Nevertheless, trading volume fell to 1.12 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for Catalent Inc (CTLT)
According to the 24-hour chart, there is a support level at 58.75, which, if violated, would cause prices to drop to 58.59. In the upper region, resistance lies at 59.23. The next price resistance is at 59.54. RSI (Relative Strength Index) is 42.01 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.03, which suggests the price will decrease in the coming days. Percent R is at 67.89%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
