The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cabot Corp shares valued at $1,649,600 were sold by Zhu Jeff Ji on Nov 13 ’24. At $113.25 per share, Zhu Jeff Ji sold 14,566 shares. The insider’s holdings dropped to 69,449 shares worth approximately $7.45 million following the completion of this transaction.
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Also, Dumont Lisa M sold 865 shares, netting a total of over 96,655 in proceeds. Following the sale of shares at $111.74 each, the insider now holds 9,742 shares.
Before that, Kalkstein Hobart had sold 34,759 shares from its account. In a trade valued at $4,005,182, the Executive Vice President traded Cabot Corp shares for $115.23 each. Upon closing the transaction, the insider’s holdings decreased to 34,759 shares, worth approximately $5.43 million.
As published in a research note from JP Morgan on November 11, 2024, Cabot Corp [CBT] has been rated down from a Neutral to an Underweight and the price target has been revised to $105. Analysts at Deutsche Bank downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in mid April. As of March 27, 2024, Mizuho has initiated its “Buy” rating for CBT. Earlier on January 08, 2024, UBS downgraded its rating. Their new recommendation was “a Neutral” for CBT stock which previously was a “a Buy”.
Analyzing CBT Stock Performance
During the last five days, there has been a drop of approximately -3.37%. Over the course of the year, Cabot Corp shares have jumped approximately 28.40%. Shares of the company reached a 52-week high of $117.46 on 11/07/24 and a 52-week low of $70.63 on 02/05/24. A 50-day SMA is recorded $110.58, while a 200-day SMA reached $98.37. Nevertheless, trading volume fell to 0.62 million shares from 0.31 million shares the previous day.
Support And Resistance Levels for Cabot Corp (CBT)
According to the 24-hour chart, there is a support level at 106.14, which, if violated, would cause prices to drop to 105.06. In the upper region, resistance lies at 108.06. The next price resistance is at 108.91. RSI (Relative Strength Index) is 41.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.37, which suggests the price will decrease in the coming days. Percent R is at 77.07%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
