Cummins Inc’s filing revealed that its VP – Chief Administrative Off. Barner Sharon R unloaded Company’s shares for reported $0.8 million on Nov 21 ’24. In the deal valued at $369.12 per share,2,163 shares were sold. As a result of this transaction, Barner Sharon R now holds 20,803 shares worth roughly $7.9 million.
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Then, SHARON BARNER bought 2,163 shares, generating $798,403 in total proceeds.
Before that, Barner Sharon R sold 2,163 shares. Cummins Inc shares valued at $784,071 were divested by the VP – Chief Administrative Off. at a price of $362.49 per share. As a result of the transaction, Barner Sharon R now holds 20,803 shares, worth roughly $7.9 million.
Evercore ISI upgraded its Cummins Inc [CMI] rating to an Outperform from a an In-line in a research note published on November 13, 2024; the price target was increased to $408 from $294. A number of analysts have revised their coverage, including Vertical Research’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. Raymond James began covering CMI with “Mkt perform” recommendation on June 28, 2024. Citigroup started covering the stock on June 26, 2024. It rated CMI as “a Buy”.
Price Performance Review of CMI
On Friday, Cummins Inc [NYSE:CMI] saw its stock jump 0.27% to $379.60. Over the last five days, the stock has gained 1.22%. Cummins Inc shares have risen nearly 58.45% since the year began. Nevertheless, the stocks have risen 64.59% over the past one year. While a 52-week high of $381.93 was reached on 12/06/24, a 52-week low of $226.52 was recorded on 01/19/24. SMA at 50 days reached $347.55, while 200 days put it at $303.01.
Levels Of Support And Resistance For CMI Stock
The 24-hour chart illustrates a support level at 378.35, which if violated will result in even more drops to 377.09. On the upside, there is a resistance level at 381.86. A further resistance level may holdings at 384.11. The Relative Strength Index (RSI) on the 14-day chart is 70.38, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 6.22, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.97%. Stochastics %K at 89.03% indicates the stock is a selling.
How much short interest is there in Cummins Inc?
A steep rise in short interest was recorded in Cummins Inc stocks on 2024-11-15, dropping by -0.56 million shares to a total of 1.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 2.16 million shares. There was a decline of -35.28%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on May 10, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $292.
