The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Caleres Inc shares valued at $99,661 were purchased by Gendreau Kyle on Jan 17 ’25. At $19.93 per share, Gendreau Kyle acquired 5,000 shares. The insider’s holdings grew to 5,000 shares worth approximately $98850.0 following the completion of this transaction.
Also, Hendra Carla C purchased 68,093 shares, netting a total of over 2,291,329 in proceeds.
Before that, SULLIVAN DIANE M had sold 17,068 shares from its account. In a trade valued at $605,079, the Executive Chair traded Caleres Inc shares for $35.45 each. Upon closing the transaction, the insider’s holdings decreased to 17,068 shares, worth approximately $2.97 million.
As published in a research note from Loop Capital on September 03, 2024, Caleres Inc [CAL] has been rated down from a Buy to a Hold and the price target has been revised to $45. Analysts at KeyBanc Capital Markets started covering the stock with ‘”a Sector weight”‘ outlook in a report released in early February. As of May 25, 2023, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for CAL. Earlier on February 21, 2023, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for CAL stock which previously was a “a Neutral”.
Analyzing CAL Stock Performance
During the last five days, there has been a drop of approximately -2.95%. Over the course of the year, Caleres Inc shares have dropped approximately -14.64%. Shares of the company reached a 52-week high of $23.82 on 01/02/25 and a 52-week low of $19.21 on 01/22/25. A 50-day SMA is recorded $26.06, while a 200-day SMA reached $32.91. Nevertheless, trading volume fell to 0.6 million shares from 0.59 million shares the previous day.
Support And Resistance Levels for Caleres Inc (CAL)
According to the 24-hour chart, there is a support level at 19.32, which, if violated, would cause prices to drop to 18.86. In the upper region, resistance lies at 20.12. The next price resistance is at 20.46. RSI (Relative Strength Index) is 25.55 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.32, which suggests the price will decrease in the coming days. Percent R is at 87.85%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
