Cabot Corp’s recently made public that its Executive Vice President Zhu Jeff Ji unloaded Company’s shares for reported $1.65 million on Nov 13 ’24. In the deal valued at $113.25 per share,14,566 shares were sold. As a result of this transaction, Zhu Jeff Ji now holds 69,449 shares worth roughly $5.89 million.
Then, Dumont Lisa M sold 865 shares, generating $96,655 in total proceeds. Upon selling the shares at $111.74, the VP, Controller & CAO now owns 9,742 shares.
Before that, Kalkstein Hobart sold 34,759 shares. Cabot Corp shares valued at $4,005,182 were divested by the Executive Vice President at a price of $115.23 per share. As a result of the transaction, Kalkstein Hobart now holds 50,627 shares, worth roughly $4.3 million.
JP Morgan downgraded its Cabot Corp [CBT] rating to an Underweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who decreased its forecast for the stock in mid April from “a Buy” to “a Hold”. Mizuho began covering CBT with “Buy” recommendation on March 27, 2024. UBS revised its rating on January 08, 2024. It rated CBT as “a Neutral” which previously was an “a Buy”.
Price Performance Review of CBT
On Monday, Cabot Corp [NYSE:CBT] saw its stock fall -1.85% to $84.87. Over the last five days, the stock has lost -3.68%. Cabot Corp shares have fallen nearly -7.05% since the year began. Nevertheless, the stocks have risen 17.71% over the past one year. While a 52-week high of $117.46 was reached on 01/21/25, a 52-week low of $70.63 was recorded on 02/03/25. SMA at 50 days reached $96.78, while 200 days put it at $100.47.
Levels Of Support And Resistance For CBT Stock
The 24-hour chart illustrates a support level at 83.80, which if violated will result in even more drops to 82.72. On the upside, there is a resistance level at 85.75. A further resistance level may holdings at 86.62. The Relative Strength Index (RSI) on the 14-day chart is 27.31, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.33%. Stochastics %K at 18.66% indicates the stock is a buying.
How much short interest is there in Cabot Corp?
A steep rise in short interest was recorded in Cabot Corp stocks on 2025-01-15, dropping by -0.15 million shares to a total of 2.09 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 2.24 million shares. There was a decline of -7.25%, which implies that there is a negative sentiment for the stock.
