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. Celestica, Inc shares valued at $6,682,950 were purchased by Robert A. Mionis on Dec 02 ’24. At $86.67 per share, Robert A. Mionis acquired 77,108 shares.
Also, Leila Wong purchased 4,552 shares, netting a total of over 394,522 in proceeds.
Before that, Mandeep Chawla had added 20,884 shares to its account. In a trade valued at $1,810,016, the Officer bought Celestica, Inc shares for $86.67 each.
As published in their initiating research note from UBS on November 22, 2024, Celestica, Inc [CLS] has been a Neutral and the price target has been revised to $95. Analysts at Barclays started covering the stock with ‘”an Overweight”‘ outlook in a report released in early November. As of September 09, 2024, Stifel has increased its “Hold” rating to a “Buy” for CLS. Earlier on May 15, 2024, Fox Advisors initiated its rating. Their recommendation was “an Overweight” for CLS stock.
Analyzing CLS Stock Performance
During the last five days, there has been a drop of approximately -1.16%. Over the course of the year, Celestica, Inc shares have jumped approximately 210.83%. Shares of the company reached a 52-week high of $96.00 on 12/06/24 and a 52-week low of $26.62 on 01/17/24. A 50-day SMA is recorded $75.11, while a 200-day SMA reached $56.47. Nevertheless, trading volume fell to 1.44 million shares from 1.25 million shares the previous day.
Support And Resistance Levels for Celestica, Inc (CLS)
According to the 24-hour chart, there is a support level at 88.90, which, if violated, would cause prices to drop to 86.79. In the upper region, resistance lies at 92.78. The next price resistance is at 94.54. RSI (Relative Strength Index) is 61.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.08, which suggests the price will increase in the coming days. Percent R is at 33.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
