In a filing, CMS Energy Corporation revealed its Senior Vice President Hofmeister Brandon J. unloaded Company’s shares for reported $0.13 million on Dec 13 ’24. In the deal valued at $67.22 per share,2,000 shares were sold. As a result of this transaction, Hofmeister Brandon J. now holds 63,197 shares worth roughly $4.24 million.
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Then, Hofmeister Brandon J. bought 2,000 shares, generating $134,630 in total proceeds.
Before that, McIntosh Scott B sold 936 shares. CMS Energy Corporation shares valued at $64,116 were divested by the VP, Controller, CAO at a price of $68.50 per share. As a result of the transaction, McIntosh Scott B now holds 24,417 shares, worth roughly $1.64 million.
Jefferies initiated its CMS Energy Corporation [CMS] rating to a Buy in a research note published on November 05, 2024; the price target was $76. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in mid October from “an Outperform” to “a Neutral”. UBS also remained covering CMS and has decreased its forecast on April 04, 2024 with a “Neutral” recommendation from previously “Buy” rating. Guggenheim revised its rating on February 02, 2024. It rated CMS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CMS
On Tuesday, CMS Energy Corporation [NYSE:CMS] saw its stock jump 0.51% to $67.04. Over the last five days, the stock has lost -0.92%. CMS Energy Corporation shares have risen nearly 15.45% since the year began. Nevertheless, the stocks have risen 15.63% over the past one year. While a 52-week high of $72.40 was reached on 10/24/24, a 52-week low of $55.10 was recorded on 02/13/24. SMA at 50 days reached $69.00, while 200 days put it at $64.41.
Levels Of Support And Resistance For CMS Stock
The 24-hour chart illustrates a support level at 66.28, which if violated will result in even more drops to 65.53. On the upside, there is a resistance level at 67.75. A further resistance level may holdings at 68.47. The Relative Strength Index (RSI) on the 14-day chart is 41.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.77, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.77%. Stochastics %K at 15.95% indicates the stock is a buying.
How much short interest is there in CMS Energy Corporation?
A steep rise in short interest was recorded in CMS Energy Corporation stocks on 2024-11-29, dropping by -0.54 million shares to a total of 7.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 8.47 million shares. There was a decline of -6.79%, which implies that there is a negative sentiment for the stock.
