Clearfield Inc’s filing revealed that its Chairman of the Board ROTH RONALD G acquired Company’s shares for reported $0.15 million on Dec 05 ’24. In the deal valued at $31.00 per share,5,000 shares were bought. As a result of this transaction, ROTH RONALD G now holds 1,266,796 shares worth roughly $39.69 million.
Then, Jones Walter Louis JR bought 1,324 shares, generating $50,007 in total proceeds. Upon buying the shares at $37.77, the Director now owns 6,061 shares.
Before that, ROTH RONALD G bought 2,000 shares. Clearfield Inc shares valued at $72,800 were divested by the Chairman of the Board at a price of $36.40 per share. As a result of the transaction, ROTH RONALD G now holds 1,261,796 shares, worth roughly $39.53 million.
Lake Street upgraded its Clearfield Inc [CLFD] rating to a Buy from a a Hold in a research note published on August 02, 2024; the price target was increased to $47 from $31. A number of analysts have revised their coverage, including Northland Capital’s analysts, who increased its forecast for the stock in early May from “a Market perform” to “an Outperform”. Northland Capital also remained covering CLFD and has decreased its forecast on August 04, 2023 with a “Market perform” recommendation from previously “an Outperform” rating. Lake Street revised its rating on May 05, 2023. It rated CLFD as “a Hold” which previously was an “a Buy”.
Price Performance Review of CLFD
On Tuesday, Clearfield Inc [NASDAQ:CLFD] saw its stock jump 2.96% to $31.33. Over the last five days, the stock has lost -1.97%. Clearfield Inc shares have risen nearly 7.74% since the year began. Nevertheless, the stocks have risen 8.22% over the past one year. While a 52-week high of $44.83 was reached on 08/02/24, a 52-week low of $24.78 was recorded on 01/19/24. SMA at 50 days reached $33.13, while 200 days put it at $35.42.
Levels Of Support And Resistance For CLFD Stock
The 24-hour chart illustrates a support level at 30.57, which if violated will result in even more drops to 29.81. On the upside, there is a resistance level at 31.72. A further resistance level may holdings at 32.10. The Relative Strength Index (RSI) on the 14-day chart is 48.11, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.48%. Stochastics %K at 25.74% indicates the stock is a holding.
How much short interest is there in Clearfield Inc?
A steep rise in short interest was recorded in Clearfield Inc stocks on 2024-11-29, dropping by -0.19 million shares to a total of 1.1 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 1.29 million shares. There was a decline of -17.1%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 17, 2023 when ROTH Capital began covering the stock and recommended ‘”a Buy”‘ rating along with a $120 price target.
