In a filing, Carpenter Technology Corp revealed its SVP and CFO LAIN TIMOTHY unloaded Company’s shares for reported $0.6 million on Nov 20 ’24. In the deal valued at $183.10 per share,3,250 shares were sold. As a result of this transaction, LAIN TIMOTHY now holds 95,038 shares worth roughly $18.55 million.
Then, Thene Tony R sold 28,500 shares, generating $5,161,263 in total proceeds. Upon selling the shares at $181.10, the President and CEO now owns 494,206 shares.
Before that, Younessi Ramin sold 422 shares. Carpenter Technology Corp shares valued at $76,465 were divested by the Director at a price of $181.20 per share. As a result of the transaction, Younessi Ramin now holds 4,499 shares, worth roughly $0.88 million.
JP Morgan initiated its Carpenter Technology Corp [CRS] rating to an Overweight in a research note published on November 22, 2024; the price target was $220. A number of analysts have revised their coverage, including BTIG Research’s analysts, who remained covering the stock and in late July has reiterated a ‘”a Buy”‘ rating for it. BTIG Research began covering CRS with “Buy” recommendation on June 26, 2024. Deutsche Bank started covering the stock on June 25, 2024. It rated CRS as “a Buy”.
Price Performance Review of CRS
On Friday, Carpenter Technology Corp [NYSE:CRS] saw its stock fall -6.16% to $195.19. Over the last five days, the stock has gained 6.56%. Carpenter Technology Corp shares have risen nearly 15.01% since the year began. Nevertheless, the stocks have risen 201.78% over the past one year. While a 52-week high of $213.65 was reached on 01/23/25, a 52-week low of $62.99 was recorded on 01/02/25. SMA at 50 days reached $188.36, while 200 days put it at $151.50.
Levels Of Support And Resistance For CRS Stock
The 24-hour chart illustrates a support level at 188.83, which if violated will result in even more drops to 182.47. On the upside, there is a resistance level at 206.40. A further resistance level may holdings at 217.61. The Relative Strength Index (RSI) on the 14-day chart is 50.54, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 51.35%. Stochastics %K at 77.57% indicates the stock is a holding.
