Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Clearfield Inc shares valued at $155,000 were purchased by ROTH RONALD G on Dec 05 ’24. At $31.00 per share, ROTH RONALD G acquired 5,000 shares. The insider’s holdings grew to 1,266,796 shares worth approximately $43.92 million following the completion of this transaction.
Also, Jones Walter Louis JR purchased 1,324 shares, netting a total of over 50,007 in proceeds. Following the buying of shares at $37.77 each, the insider now holds 6,061 shares.
Before that, ROTH RONALD G had added 2,000 shares to its account. In a trade valued at $72,800, the Chairman of the Board bought Clearfield Inc shares for $36.40 each. Upon closing the transaction, the insider’s holdings increased to 2,000 shares, worth approximately $43.75 million.
As published in a research note from Lake Street on August 02, 2024, Clearfield Inc [CLFD] has been rated up from a Hold to a Buy and the price target has been revised to $47 from $31. Analysts at Northland Capital upgraded the stock from ‘”a Market perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of August 04, 2023, Northland Capital has decreased its “an Outperform” rating to a “Market perform” for CLFD. Earlier on May 05, 2023, Lake Street downgraded its rating. Their new recommendation was “a Hold” for CLFD stock which previously was a “a Buy”.
Analyzing CLFD Stock Performance
During the last five days, there has been a surge of approximately 11.84%. Over the course of the year, Clearfield Inc shares have jumped approximately 11.84%. Shares of the company reached a 52-week high of $35.56 on 01/07/25 and a 52-week low of $31.19 on 01/02/25. A 50-day SMA is recorded $32.27, while a 200-day SMA reached $35.57. Nevertheless, trading volume fell to 71630.0 shares from 92000.0 shares the previous day.
Support And Resistance Levels for Clearfield Inc (CLFD)
According to the 24-hour chart, there is a support level at 33.56, which, if violated, would cause prices to drop to 32.44. In the upper region, resistance lies at 35.43. The next price resistance is at 36.18. RSI (Relative Strength Index) is 62.89 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.74, which suggests the price will increase in the coming days. Percent R is at 15.58%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
