Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CMS Energy Corporation shares valued at $1,893,187 were sold by RUSSELL JOHN G on Dec 19 ’24. At $65.85 per share, RUSSELL JOHN G sold 28,750 shares. The insider’s holdings dropped to 144,059 shares worth approximately $9.6 million following the completion of this transaction.
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Also, Hofmeister Brandon J. sold 2,000 shares, netting a total of over 134,443 in proceeds. Following the sale of shares at $67.22 each, the insider now holds 63,197 shares.
Before that, Hofmeister Brandon J. had added 2,000 shares to its account. In a trade valued at $134,630, the Officer bought CMS Energy Corporation shares for $67.31 each.
As published in their initiating research note from Jefferies on November 05, 2024, CMS Energy Corporation [CMS] has been a Buy and the price target has been revised to $76. Analysts at Mizuho downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in mid October. As of April 04, 2024, UBS has decreased its “Buy” rating to a “Neutral” for CMS. Earlier on February 02, 2024, Guggenheim upgraded its rating. Their new recommendation was “a Buy” for CMS stock which previously was a “a Neutral”.
Analyzing CMS Stock Performance
During the last five days, there has been a drop of approximately -0.03%. Over the course of the year, CMS Energy Corporation shares have jumped approximately 14.78%. Shares of the company reached a 52-week high of $72.40 on 10/24/24 and a 52-week low of $55.10 on 02/13/24. A 50-day SMA is recorded $68.34, while a 200-day SMA reached $64.73. Nevertheless, trading volume fell to 1.09 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for CMS Energy Corporation (CMS)
According to the 24-hour chart, there is a support level at 66.21, which, if violated, would cause prices to drop to 65.77. In the upper region, resistance lies at 67.10. The next price resistance is at 67.55. RSI (Relative Strength Index) is 42.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 51.84%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.