Citi Trends Inc’s filing revealed that its Director DUSKIN JONATHAN unloaded Company’s shares for reported $0.32 million on Dec 26 ’24. In the deal valued at $26.44 per share,12,000 shares were sold. As a result of this transaction, DUSKIN JONATHAN now holds 33,396 shares worth roughly $0.88 million.
Then, DUSKIN JONATHAN bought 12,000 shares, generating $317,760 in total proceeds.
Before that, George Katrina sold 262 shares. Citi Trends Inc shares valued at $7,037 were divested by the VP of Human Resources at a price of $26.86 per share. As a result of the transaction, George Katrina now holds 5,079 shares, worth roughly $0.13 million.
DA Davidson reiterated its Citi Trends Inc [CTRN] rating to a Buy in a research note published on December 04, 2024; the price target was $28. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who decreased its forecast for the stock in mid March from “a Buy” to “a Hold”. Craig Hallum also remained covering CTRN and has increased its forecast on August 23, 2023 with a “Buy” recommendation from previously “Hold” rating. DA Davidson started covering the stock on June 27, 2023. It rated CTRN as “a Buy”.
Price Performance Review of CTRN
On Tuesday, Citi Trends Inc [NASDAQ:CTRN] saw its stock fall -1.13% to $26.25. Over the last five days, the stock has gained 2.18%. Citi Trends Inc shares have fallen nearly -7.18% since the year began. Nevertheless, the stocks have fallen -7.18% over the past one year. While a 52-week high of $32.90 was reached on 03/05/24, a 52-week low of $13.65 was recorded on 09/04/24. SMA at 50 days reached $21.53, while 200 days put it at $20.76.
Levels Of Support And Resistance For CTRN Stock
The 24-hour chart illustrates a support level at 25.95, which if violated will result in even more drops to 25.66. On the upside, there is a resistance level at 26.63. A further resistance level may holdings at 27.02. The Relative Strength Index (RSI) on the 14-day chart is 63.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.94, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 27.12%. Stochastics %K at 83.32% indicates the stock is a selling.
How much short interest is there in Citi Trends Inc?
A steep rise in short interest was recorded in Citi Trends Inc stocks on 2024-11-15, dropping by -0.39 million shares to a total of 1.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 1.52 million shares. There was a decline of -34.3%, which implies that there is a negative sentiment for the stock.
