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TD Cowen Downgrades Calumet Inc (CLMT) to a Hold from a Buy

Calumet Inc’s recently made public that its Director Mawer Stephen P unloaded Company’s shares for reported $46199.0 on Mar 06 ’25. In the deal valued at $12.64 per share,3,655 shares were sold. As a result of this transaction, Mawer Stephen P now holds 196,898 shares worth roughly $2.16 million.

Then, Mawer Stephen P bought 3,655 shares, generating $45,800 in total proceeds.

Before that, Lunin David bought 2,500 shares. Calumet Inc shares valued at $32,625 were divested by the EVP – CFO at a price of $13.05 per share. As a result of the transaction, Lunin David now holds 2,500 shares, worth roughly $27375.0.

TD Cowen downgraded its Calumet Inc [CLMT] rating to a Hold from a a Buy in a research note published on March 04, 2025; the price target was decreased to $16 from $26. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in early February from “a Neutral” to “a Sell”. TD Cowen also remained covering CLMT and reiterated its “Buy” recommendation on November 11, 2024. TD Cowen maintained its rating on October 17, 2024. It rated CLMT as “a Buy”.

Price Performance Review of CLMT

On Monday, Calumet Inc [NASDAQ:CLMT] saw its stock fall -8.52% to $10.95. Over the last five days, the stock has lost -18.65%. Calumet Inc shares have fallen nearly -50.27% since the year began. Nevertheless, the stocks have fallen -28.99% over the past one year. While a 52-week high of $25.29 was reached on 01/06/25, a 52-week low of $9.97 was recorded on 03/10/25. SMA at 50 days reached $17.23, while 200 days put it at $17.80.

Levels Of Support And Resistance For CLMT Stock

The 24-hour chart illustrates a support level at 10.56, which if violated will result in even more drops to 10.17. On the upside, there is a resistance level at 11.66. A further resistance level may holdings at 12.37. The Relative Strength Index (RSI) on the 14-day chart is 21.29, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.69%. Stochastics %K at 4.66% indicates the stock is a buying.

The most recent change occurred on August 12, 2024 when TD Cowen resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $18.

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