CTS Corp’s filing revealed that its President & CEO O’SULLIVAN KIERAN M unloaded Company’s shares for reported $0.46 million on Dec 06 ’24. In the deal valued at $54.50 per share,8,494 shares were sold. As a result of this transaction, O’SULLIVAN KIERAN M now holds 382,333 shares worth roughly $19.74 million.
Then, O’SULLIVAN KIERAN M sold 6,690 shares, generating $373,483 in total proceeds. Upon selling the shares at $55.83, the President & CEO now owns 375,643 shares.
Before that, O’SULLIVAN KIERAN M sold 12,794 shares. CTS Corp shares valued at $710,030 were divested by the President & CEO at a price of $55.50 per share. As a result of the transaction, O’SULLIVAN KIERAN M now holds 400,456 shares, worth roughly $20.68 million.
TD Cowen reiterated its CTS Corp [CTS] rating to a Market perform in a research note published on February 07, 2024; the price target was $46. A number of analysts have revised their coverage, including Sidoti’s analysts, who decreased its forecast for the stock in early February from “a Buy” to “a Neutral”. Jefferies began covering CTS with “Hold” recommendation on November 22, 2022. Sidoti revised its rating on July 13, 2022. It rated CTS as “a Buy” which previously was an “a Neutral”.
Price Performance Review of CTS
On Friday, CTS Corp [NYSE:CTS] saw its stock jump 0.49% to $51.64. Over the last five days, the stock has gained 3.49%. CTS Corp shares have fallen nearly -2.07% since the year began. Nevertheless, the stocks have risen 28.04% over the past one year. While a 52-week high of $59.68 was reached on 01/06/25, a 52-week low of $40.09 was recorded on 01/13/25. SMA at 50 days reached $54.08, while 200 days put it at $50.23.
Levels Of Support And Resistance For CTS Stock
The 24-hour chart illustrates a support level at 51.20, which if violated will result in even more drops to 50.75. On the upside, there is a resistance level at 52.13. A further resistance level may holdings at 52.61. The Relative Strength Index (RSI) on the 14-day chart is 45.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.85%. Stochastics %K at 48.27% indicates the stock is a holding.
How much short interest is there in CTS Corp?
A steep rise in short interest was recorded in CTS Corp stocks on 2024-12-31, dropping by -0.27 million shares to a total of 0.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 0.75 million shares. There was a decline of -55.76%, which implies that there is a negative sentiment for the stock.
