Cummins Inc’s recent filing unveils 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 $7.51 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 $7.51 million.
JP Morgan upgraded its Cummins Inc [CMI] rating to a Neutral from a an Underweight in a research note published on December 09, 2024; the price target was increased to $420 from $355. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who increased its forecast for the stock in mid November from “an In-line” to “an Outperform”. Vertical Research also remained covering CMI and has decreased its forecast on November 06, 2024 with a “Hold” recommendation from previously “Buy” rating. Raymond James started covering the stock on June 28, 2024. It rated CMI as “a Mkt perform”.
Price Performance Review of CMI
On Tuesday, Cummins Inc [NYSE:CMI] saw its stock fall -1.56% to $361.23. Over the last five days, the stock has lost -4.37%. Cummins Inc shares have risen nearly 50.78% since the year began. Nevertheless, the stocks have risen 49.56% over the past one year. While a 52-week high of $387.90 was reached on 12/09/24, a 52-week low of $226.52 was recorded on 01/19/24. SMA at 50 days reached $353.66, while 200 days put it at $306.60.
Levels Of Support And Resistance For CMI Stock
The 24-hour chart illustrates a support level at 359.12, which if violated will result in even more drops to 357.01. On the upside, there is a resistance level at 364.70. A further resistance level may holdings at 368.16. The Relative Strength Index (RSI) on the 14-day chart is 44.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -8.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.26%. Stochastics %K at 8.65% indicates the stock is a buying.
How much short interest is there in Cummins Inc?
A steep rise in short interest was recorded in Cummins Inc stocks on 2024-11-29, growing by 19103.0 shares to a total of 1.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.69 million shares. There was a rise of 1.12%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on June 26, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $320 price target.
