Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cummins Inc shares valued at $798,403 were sold by Barner Sharon R on Nov 21 ’24. At $369.12 per share, Barner Sharon R sold 2,163 shares. The insider’s holdings dropped to 20,803 shares worth approximately $7.61 million following the completion of this transaction.
Also, SHARON BARNER purchased 2,163 shares, netting a total of over 798,403 in proceeds.
Before that, Barner Sharon R had sold 2,163 shares from its account. In a trade valued at $784,071, the VP – Chief Administrative Off. traded Cummins Inc shares for $362.49 each. Upon closing the transaction, the insider’s holdings decreased to 2,163 shares, worth approximately $7.61 million.
As published in a research note from BofA Securities on January 14, 2025, Cummins Inc [CMI] has been rated up from an Underperform to a Neutral and the price target has been revised to $358. Analysts at JP Morgan upgraded the stock from ‘”an Underweight”‘ to ‘”a Neutral”‘ outlook in a report released in early December. As of November 13, 2024, Evercore ISI has increased its “an In-line” rating to a “an Outperform” for CMI. Earlier on November 06, 2024, Vertical Research downgraded its rating. Their new recommendation was “a Hold” for CMI stock which previously was a “a Buy”.
Analyzing CMI Stock Performance
During the last five days, there has been a surge of approximately 0.48%. Over the course of the year, Cummins Inc shares have jumped approximately 4.99%. Shares of the company reached a 52-week high of $370.20 on 01/17/25 and a 52-week low of $346.00 on 01/03/25. A 50-day SMA is recorded $363.53, while a 200-day SMA reached $314.77. Nevertheless, trading volume fell to 1.03 million shares from 1.04 million shares the previous day.
Support And Resistance Levels for Cummins Inc (CMI)
According to the 24-hour chart, there is a support level at 363.65, which, if violated, would cause prices to drop to 361.29. In the upper region, resistance lies at 368.52. The next price resistance is at 371.03. RSI (Relative Strength Index) is 57.41 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 6.85, which suggests the price will increase in the coming days. Percent R is at 17.36%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
