Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Centuri Holdings Inc shares valued at $30,611,529 were purchased by Icahn Partners LP on Nov 25 ’24. At $20.68 per share, Icahn Partners LP acquired 1,480,248 shares.
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Also, Fehrman William purchased 20,000 shares, netting a total of over 330,000 in proceeds. Following the buying of shares at $16.50 each, the insider now holds 45,000 shares.
Before that, Izenstark Gregory A. had added 5,250 shares to its account. In a trade valued at $110,250, the Chief Financial Officer bought Centuri Holdings Inc shares for $21.00 each. Upon closing the transaction, the insider’s holdings increased to 5,250 shares, worth approximately $0.11 million.
As published in a research note from JP Morgan on October 07, 2024, Centuri Holdings Inc [CTRI] has been rated down from a Neutral to an Underweight and the price target has been revised to $16 from $19. Analysts at UBS downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late July. As of June 27, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for CTRI. Earlier on May 13, 2024, Wells Fargo initiated its rating. Their recommendation was “an Overweight” for CTRI stock.
Analyzing CTRI Stock Performance
During the last five days, there has been a drop of approximately -3.32%. Over the course of the year, Centuri Holdings Inc shares have dropped approximately -11.93%. Nevertheless, trading volume fell to 0.56 million shares from 0.49 million shares the previous day.
Support And Resistance Levels for Centuri Holdings Inc (CTRI)
According to the 24-hour chart, there is a support level at 19.78, which, if violated, would cause prices to drop to 19.20. In the upper region, resistance lies at 20.92. The next price resistance is at 21.48. RSI (Relative Strength Index) is 54.66 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 68.53%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
