In a filing, Carpenter Technology Corp revealed its SVP and CFO LAIN TIMOTHY unloaded Company’s shares for reported $0.6 million on Nov 20 ’24. In the deal valued at $183.10 per share,3,250 shares were sold. As a result of this transaction, LAIN TIMOTHY now holds 95,038 shares worth roughly $16.4 million.
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Then, Thene Tony R sold 28,500 shares, generating $5,161,263 in total proceeds. Upon selling the shares at $181.10, the President and CEO now owns 494,206 shares.
Before that, Younessi Ramin sold 422 shares. Carpenter Technology Corp shares valued at $76,465 were divested by the Director at a price of $181.20 per share. As a result of the transaction, Younessi Ramin now holds 4,499 shares, worth roughly $0.78 million.
JP Morgan initiated its Carpenter Technology Corp [CRS] rating to an Overweight in a research note published on November 22, 2024; the price target was $220. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. BTIG Research began covering CRS with “Buy” recommendation on June 26, 2024. Deutsche Bank started covering the stock on June 25, 2024. It rated CRS as “a Buy”.
Price Performance Review of CRS
On Tuesday, Carpenter Technology Corp [NYSE:CRS] saw its stock fall -1.65% to $172.56. Over the last five days, the stock has lost -5.04%. Carpenter Technology Corp shares have risen nearly 143.73% since the year began. Nevertheless, the stocks have risen 159.33% over the past one year. While a 52-week high of $198.24 was reached on 11/26/24, a 52-week low of $58.87 was recorded on 02/06/24. SMA at 50 days reached $173.03, while 200 days put it at $126.86.
Levels Of Support And Resistance For CRS Stock
The 24-hour chart illustrates a support level at 168.33, which if violated will result in even more drops to 164.11. On the upside, there is a resistance level at 175.79. A further resistance level may holdings at 179.03. The Relative Strength Index (RSI) on the 14-day chart is 39.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -12.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.43%. Stochastics %K at 11.37% indicates the stock is a buying.
How much short interest is there in Carpenter Technology Corp?
A steep rise in short interest was recorded in Carpenter Technology Corp stocks on 2024-11-29, growing by 0.52 million shares to a total of 2.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 2.16 million shares. There was a rise of 19.51%, which implies that there is a positive sentiment for the stock.
