Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Caleres Inc shares valued at $2,291,329 were purchased by Hendra Carla C on Sep 17 ’24. At $33.65 per share, Hendra Carla C acquired 68,093 shares.
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Also, SULLIVAN DIANE M sold 17,068 shares, netting a total of over 605,079 in proceeds. Following the sale of shares at $35.45 each, the insider now holds 150,449 shares.
Before that, Hendra Carla C had sold 5,349 shares from its account. In a trade valued at $176,894, the Director traded Caleres Inc shares for $33.07 each. Upon closing the transaction, the insider’s holdings decreased to 5,349 shares, worth approximately $0.0.
As published in a research note from Loop Capital on September 03, 2024, Caleres Inc [CAL] has been rated down from a Buy to a Hold and the price target has been revised to $45. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in early February. As of May 25, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for CAL. Earlier on February 21, 2023, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for CAL stock which previously was a “a Neutral”.
Analyzing CAL Stock Performance
During the last five days, there has been a surge of approximately 1.85%. Over the course of the year, Caleres Inc shares have dropped approximately -23.07%. Shares of the company reached a 52-week high of $44.51 on 08/23/24 and a 52-week low of $22.07 on 12/20/24. A 50-day SMA is recorded $29.01, while a 200-day SMA reached $34.35. Nevertheless, trading volume fell to 0.54 million shares from 0.3 million shares the previous day.
Support And Resistance Levels for Caleres Inc (CAL)
According to the 24-hour chart, there is a support level at 23.13, which, if violated, would cause prices to drop to 22.62. In the upper region, resistance lies at 23.90. The next price resistance is at 24.17. RSI (Relative Strength Index) is 35.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.30, which suggests the price will decrease in the coming days. Percent R is at 74.68%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
