Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Calumet Inc shares valued at $810,983 were sold by Straumins Jennifer on Dec 18 ’24. At $21.42 per share, Straumins Jennifer sold 37,861 shares. The insider’s holdings dropped to 1,184,589 shares worth approximately $18.93 million following the completion of this transaction.
Also, Straumins Jennifer purchased 50,000 shares, netting a total of over 1,075,000 in proceeds.
Before that, Sajkowski Daniel J had sold 3,569 shares from its account. In a trade valued at $75,377, the Director traded Calumet Inc shares for $21.12 each. Upon closing the transaction, the insider’s holdings decreased to 3,569 shares, worth approximately $2.59 million.
As published in a research note from TD Cowen on November 11, 2024, Calumet Inc [CLMT] has been retained to a Buy and the price target has been revised to $26. Analysts at TD Cowen resumed the stock at ‘”a Buy”‘ outlook in a report released in mid October. As of August 12, 2024, TD Cowen has reiterated its “Buy” rating for CLMT. Earlier on August 18, 2022, Goldman upgraded its rating. Their new recommendation was “a Buy” for CLMT stock which previously was a “a Neutral”.
Analyzing CLMT Stock Performance
During the last five days, there has been a drop of approximately -15.72%. Over the course of the year, Calumet Inc shares have dropped approximately -27.43%. Shares of the company reached a 52-week high of $23.75 on 01/06/25 and a 52-week low of $15.25 on 01/21/25. A 50-day SMA is recorded $21.02, while a 200-day SMA reached $17.83. Nevertheless, trading volume fell to 1.25 million shares from 2.71 million shares the previous day.
Support And Resistance Levels for Calumet Inc (CLMT)
According to the 24-hour chart, there is a support level at 15.50, which, if violated, would cause prices to drop to 15.02. In the upper region, resistance lies at 16.70. The next price resistance is at 17.42. RSI (Relative Strength Index) is 28.34 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.39, which suggests the price will decrease in the coming days. Percent R is at 91.41%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
