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Monitoring Celestica, Inc (CLS) after recent insider movements

CHWY Stock

Celestica, Inc’s filing revealed that its Director Wilson Michael unloaded Company’s shares for reported $2.47 million on Jan 06 ’25. In the deal valued at $98.73 per share,25,000 shares were sold. As a result of this transaction, Wilson Michael now holds 1,784 shares worth roughly $0.22 million.

Then, Robert A. Mionis bought 77,108 shares, generating $6,682,950 in total proceeds.

Before that, Leila Wong bought 4,552 shares. Celestica, Inc shares valued at $394,522 were divested by the Chief Human Resources Officer at a price of $86.67 per share.

CIBC upgraded its Celestica, Inc [CLS] rating to a Sector outperform from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in late November with a ‘”a Neutral”‘ rating. Barclays began covering CLS with “an Overweight” recommendation on November 05, 2024. Stifel revised its rating on September 09, 2024. It rated CLS as “a Buy” which previously was an “a Hold”.

Price Performance Review of CLS

On Friday, Celestica, Inc [NYSE:CLS] saw its stock jump 8.16% to $123.47. Over the last five days, the stock has gained 1.46%. Celestica, Inc shares have risen nearly 33.77% since the year began. Nevertheless, the stocks have risen 273.13% over the past one year. While a 52-week high of $131.23 was reached on 01/31/25, a 52-week low of $32.80 was recorded on 01/27/25. SMA at 50 days reached $97.49, while 200 days put it at $65.54.

Levels Of Support And Resistance For CLS Stock

The 24-hour chart illustrates a support level at 115.49, which if violated will result in even more drops to 107.51. On the upside, there is a resistance level at 132.56. A further resistance level may holdings at 141.64. The Relative Strength Index (RSI) on the 14-day chart is 62.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.63, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.44%. Stochastics %K at 57.52% indicates the stock is a holding.

How much short interest is there in Celestica, Inc?

A steep rise in short interest was recorded in Celestica, Inc stocks on 2025-01-15, dropping by -0.13 million shares to a total of 2.71 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.84 million shares. There was a decline of -4.82%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on May 15, 2024 when Fox Advisors began covering the stock and recommended ‘”an Overweight”‘ rating along with a $60 price target.

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