Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Consensus Cloud Solutions Inc shares valued at $26,662 were purchased by Sullivan Jeffrey Alan on Aug 19 ’24. At $19.75 per share, Sullivan Jeffrey Alan acquired 1,350 shares. The insider’s holdings grew to 40,673 shares worth approximately $1.04 million following the completion of this transaction.
As published in a research note from JP Morgan on September 09, 2024, Consensus Cloud Solutions Inc [CCSI] has been rated down from a Neutral to an Underweight and the price target has been revised to $21 from $19. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of January 09, 2024, Citigroup has decreased its “Neutral” rating to a “Sell” for CCSI. Earlier on November 21, 2022, JP Morgan initiated its rating. Their recommendation was “a Neutral” for CCSI stock.
Analyzing CCSI Stock Performance
During the last five days, there has been a surge of approximately 7.50%. Over the course of the year, Consensus Cloud Solutions Inc shares have dropped approximately -2.71%. Shares of the company reached a 52-week high of $27.79 on 11/08/24 and a 52-week low of $11.62 on 04/30/24. A 50-day SMA is recorded $22.99, while a 200-day SMA reached $18.99. Nevertheless, trading volume fell to 93463.0 shares from 98200.0 shares the previous day.
Support And Resistance Levels for Consensus Cloud Solutions Inc (CCSI)
According to the 24-hour chart, there is a support level at 25.03, which, if violated, would cause prices to drop to 24.57. In the upper region, resistance lies at 26.10. The next price resistance is at 26.71. RSI (Relative Strength Index) is 61.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.61, which suggests the price will decrease in the coming days. Percent R is at 48.31%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
