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. Citi Trends Inc shares valued at $21,878 were purchased by Heath David A on Sep 10 ’24. At $14.59 per share, Heath David A acquired 1,500 shares. The insider’s holdings grew to 5,511 shares worth approximately $0.11 million following the completion of this transaction.
Also, Plutino Heather L purchased 3,573 shares, netting a total of over 49,986 in proceeds. Following the buying of shares at $13.99 each, the insider now holds 21,316 shares.
Before that, Seipel Kenneth Duane had added 25,000 shares to its account. In a trade valued at $359,750, the Interim CEO bought Citi Trends Inc shares for $14.39 each. Upon closing the transaction, the insider’s holdings increased to 25,000 shares, worth approximately $5.65 million.
As published in a research note from Craig Hallum on March 19, 2024, Citi Trends Inc [CTRN] has been rated down from a Buy to a Hold. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late August. As of June 27, 2023, DA Davidson has initiated its “Buy” rating for CTRN. Earlier on October 17, 2022, Gordon Haskett upgraded its rating. Their new recommendation was “a Hold” for CTRN stock which previously was a “a Reduce”.
Analyzing CTRN Stock Performance
During the last five days, there has been a surge of approximately 12.09%. Over the course of the year, Citi Trends Inc shares have dropped approximately -29.21%. Shares of the company reached a 52-week high of $32.90 on 03/05/24 and a 52-week low of $13.65 on 09/04/24. A 50-day SMA is recorded $18.91, while a 200-day SMA reached $21.32. Nevertheless, trading volume fell to 0.1 million shares from 84200.0 shares the previous day.
Support And Resistance Levels for Citi Trends Inc (CTRN)
According to the 24-hour chart, there is a support level at 19.40, which, if violated, would cause prices to drop to 18.77. In the upper region, resistance lies at 20.36. The next price resistance is at 20.70. RSI (Relative Strength Index) is 60.69 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.23, which suggests the price will increase in the coming days. Percent R is at 1.54%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
