Cummins Inc’s recent filing unveils that its Chair and CEO RUMSEY JENNIFER unloaded Company’s shares for reported $188.0 on Jan 27 ’25. In the deal valued at $348.84 per share,1 shares were sold. As a result of this transaction, RUMSEY JENNIFER now holds 1,481 shares worth roughly $0.54 million.
Then, Barner Sharon R sold 2,163 shares, generating $798,403 in total proceeds. Upon selling the shares at $369.12, the VP – Chief Administrative Off. now owns 20,803 shares.
Before that, SHARON BARNER bought 2,163 shares. Cummins Inc shares valued at $798,403 were divested by the Officer at a price of $369.12 per share.
BofA Securities upgraded its Cummins Inc [CMI] rating to a Neutral from a an Underperform in a research note published recently. A number of analysts have revised their coverage, including JP Morgan’s analysts, who increased its forecast for the stock in early December from “an Underweight” to “a Neutral”. Evercore ISI also remained covering CMI and has increased its forecast on November 13, 2024 with a “an Outperform” recommendation from previously “an In-line” rating. Vertical Research revised its rating on November 06, 2024. It rated CMI as “a Hold” which previously was an “a Buy”.
Price Performance Review of CMI
On Tuesday, Cummins Inc [NYSE:CMI] saw its stock jump 4.39% to $363.51. Over the last five days, the stock has gained 3.78%. Cummins Inc shares have risen nearly 4.28% since the year began. Nevertheless, the stocks have risen 49.61% over the past one year. While a 52-week high of $387.90 was reached on 01/24/25, a 52-week low of $236.00 was recorded on 02/03/25. SMA at 50 days reached $363.02, while 200 days put it at $317.41.
Levels Of Support And Resistance For CMI Stock
The 24-hour chart illustrates a support level at 359.42, which if violated will result in even more drops to 355.33. On the upside, there is a resistance level at 368.10. A further resistance level may holdings at 372.69. The Relative Strength Index (RSI) on the 14-day chart is 53.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.76%. Stochastics %K at 38.71% indicates the stock is a holding.
How much short interest is there in Cummins Inc?
A steep rise in short interest was recorded in Cummins Inc stocks on 2025-01-15, dropping by 42627.0 shares to a total of 1.77 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 1.81 million shares. There was a decline of -2.41%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on June 28, 2024 when Raymond James began covering the stock and recommended ‘”a Mkt perform”‘ rating .
