In a filing, Calumet Inc revealed its Director Straumins Jennifer unloaded Company’s shares for reported $2.06 million on Nov 12 ’24. In the deal valued at $20.59 per share,100,000 shares were sold. As a result of this transaction, Straumins Jennifer now holds 1,388,529 shares worth roughly $28.56 million.
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Then, Straumins Jennifer sold 100,000 shares, generating $2,005,000 in total proceeds. Upon selling the shares at $20.05, the Director now owns 1,288,529 shares.
Before that, Straumins Jennifer bought 200,000 shares. Calumet Inc shares valued at $4,064,032 were divested by the Director at a price of $20.32 per share.
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 Monday, Calumet Inc [NASDAQ:CLMT] saw its stock fall -1.67% to $20.57. Over the last five days, the stock has lost -7.55%. Calumet Inc shares have risen nearly 15.11% since the year began. Nevertheless, the stocks have risen 42.95% 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 $19.65, while 200 days put it at $16.67.
Levels Of Support And Resistance For CLMT Stock
The 24-hour chart illustrates a support level at 20.03, which if violated will result in even more drops to 19.50. On the upside, there is a resistance level at 21.16. A further resistance level may holdings at 21.75. The Relative Strength Index (RSI) on the 14-day chart is 50.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.71%. Stochastics %K at 53.22% 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 2024-10-31, growing by 0.19 million shares to a total of 5.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.26 million shares. There was a rise of 3.49%, 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.
