Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cal-Maine Foods, Inc shares valued at $106,397 were sold by Holladay Robert L Jr on Aug 20 ’24. At $70.93 per share, Holladay Robert L Jr sold 1,500 shares. The insider’s holdings dropped to 16,754 shares worth approximately $1.73 million following the completion of this transaction.
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Also, Walters Michael Todd sold 3,000 shares, netting a total of over 210,600 in proceeds. Following the sale of shares at $70.20 each, the insider now holds 5,310 shares.
Before that, Poole James E had sold 1,500 shares from its account. In a trade valued at $105,971, the Director traded Cal-Maine Foods, Inc shares for $70.65 each. Upon closing the transaction, the insider’s holdings decreased to 1,500 shares, worth approximately $1.05 million.
Analysts at Stephens downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late April. As of March 30, 2022, Consumer Edge Research has increased its “an Equal weight” rating to a “an Overweight” for CALM. Earlier on May 26, 2021, BofA Securities downgraded its rating. Their new recommendation was “an Underperform” for CALM stock which previously was a “a Buy”.
Analyzing CALM Stock Performance
During the last five days, there has been a drop of approximately -2.11%. Over the course of the year, Cal-Maine Foods, Inc shares have jumped approximately 80.40%. Shares of the company reached a 52-week high of $114.06 on 12/16/24 and a 52-week low of $53.02 on 01/04/24. A 50-day SMA is recorded $94.63, while a 200-day SMA reached $71.99. Nevertheless, trading volume fell to 0.6 million shares from 0.76 million shares the previous day.
Support And Resistance Levels for Cal-Maine Foods, Inc (CALM)
According to the 24-hour chart, there is a support level at 101.92, which, if violated, would cause prices to drop to 100.32. In the upper region, resistance lies at 106.38. The next price resistance is at 109.24. RSI (Relative Strength Index) is 58.72 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.88, which suggests the price will increase in the coming days. Percent R is at 57.04%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
