In a filing, Calumet Inc revealed its Director Straumins Jennifer acquired Company’s shares for reported $1.65 million on Dec 03 ’24. In the deal valued at $22.00 per share,75,000 shares were bought.
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Then, Straumins Jennifer sold 100,000 shares, generating $2,059,000 in total proceeds. Upon selling the shares at $20.59, the Director now owns 1,388,529 shares.
Before that, Straumins Jennifer sold 100,000 shares. Calumet Inc shares valued at $2,005,000 were divested by the Director at a price of $20.05 per share. As a result of the transaction, Straumins Jennifer now holds 1,288,529 shares, worth roughly $28.24 million.
TD Cowen reiterated its Calumet Inc [CLMT] rating to a Buy in a research note published on November 11, 2024; the price target was $26. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in mid October has reiterated a ‘”a Buy”‘ rating for it. TD Cowen also remained covering CLMT and reiterated its “Buy” recommendation on August 12, 2024. Goldman revised its rating on August 18, 2022. It rated CLMT as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CLMT
On Tuesday, Calumet Inc [NASDAQ:CLMT] saw its stock fall -2.62% to $21.92. Over the last five days, the stock has lost -1.08%. Calumet Inc shares have risen nearly 22.66% since the year began. Nevertheless, the stocks have risen 24.33% over the past one year. While a 52-week high of $25.29 was reached on 10/17/24, a 52-week low of $9.97 was recorded on 08/05/24. SMA at 50 days reached $20.58, while 200 days put it at $16.93.
Levels Of Support And Resistance For CLMT Stock
The 24-hour chart illustrates a support level at 20.94, which if violated will result in even more drops to 19.95. On the upside, there is a resistance level at 22.83. A further resistance level may holdings at 23.73. The Relative Strength Index (RSI) on the 14-day chart is 55.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.84, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.59%. Stochastics %K at 74.51% indicates the stock is a holding.
How much short interest is there in Calumet Inc?
A steep rise in short interest was recorded in Calumet Inc stocks on 2024-11-15, dropping by -0.48 million shares to a total of 5.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 5.63 million shares. There was a decline of -9.23%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on February 28, 2022 when Cowen resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $20.
