Centuri Holdings Inc’s filing revealed that its Stockholder Icahn Partners LP acquired Company’s shares for reported $30.61 million on Nov 25 ’24. In the deal valued at $20.68 per share,1,480,248 shares were bought.
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Then, Fehrman William bought 20,000 shares, generating $330,000 in total proceeds. Upon buying the shares at $16.50, the Director now owns 45,000 shares.
Before that, Izenstark Gregory A. bought 5,250 shares. Centuri Holdings Inc shares valued at $110,250 were divested by the Chief Financial Officer at a price of $21.00 per share. As a result of the transaction, Izenstark Gregory A. now holds 5,250 shares, worth roughly $0.11 million.
JP Morgan downgraded its Centuri Holdings Inc [CTRI] rating to an Underweight from a a Neutral in a research note published on October 07, 2024; the price target was decreased to $16 from $19. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”. BofA Securities also remained covering CTRI and has decreased its forecast on June 27, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Wells Fargo started covering the stock on May 13, 2024. It rated CTRI as “an Overweight”.
Price Performance Review of CTRI
On Monday, Centuri Holdings Inc [NYSE:CTRI] saw its stock jump 2.32% to $20.27. Over the last five days, the stock has lost -2.50%. Centuri Holdings Inc shares have fallen nearly -12.36% since the year began.
Levels Of Support And Resistance For CTRI Stock
The 24-hour chart illustrates a support level at 19.77, which if violated will result in even more drops to 19.26. On the upside, there is a resistance level at 20.58. A further resistance level may holdings at 20.88. The Relative Strength Index (RSI) on the 14-day chart is 53.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.43, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.18%. Stochastics %K at 22.82% indicates the stock is a holding.
How much short interest is there in Centuri Holdings Inc?
A steep rise in short interest was recorded in Centuri Holdings Inc stocks on 2024-11-15, dropping by -0.47 million shares to a total of 2.32 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.79 million shares. There was a decline of -20.19%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 13, 2024 when UBS began covering the stock and recommended ‘”a Buy”‘ rating along with a $30 price target.
