Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Commercial Vehicle Group Inc shares valued at $46,856 were purchased by Nauman J Michael on Dec 03 ’24. At $2.42 per share, Nauman J Michael acquired 19,362 shares. The insider’s holdings grew to 82,997 shares worth approximately $83826.97 following the completion of this transaction.
Also, Nauman J Michael purchased 2,838 shares, netting a total of over 6,726 in proceeds. Following the buying of shares at $2.37 each, the insider now holds 85,835 shares.
Before that, Nauman J Michael had added 2,800 shares to its account. In a trade valued at $6,720, the Director bought Commercial Vehicle Group Inc shares for $2.40 each. Upon closing the transaction, the insider’s holdings increased to 2,800 shares, worth approximately $64271.35.
As published in their initiating research note from Noble Capital Markets on December 01, 2022, Commercial Vehicle Group Inc [CVGI] has been an Outperform and the price target has been revised to $10. Analysts at Colliers Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of September 18, 2019, Barrington Research has reiterated its “an Outperform” rating for CVGI. Earlier on August 29, 2019, Barrington Research initiated its rating. Their recommendation was “an Outperform” for CVGI stock.
Analyzing CVGI Stock Performance
During the last five days, there has been a drop of approximately -21.09%. Over the course of the year, Commercial Vehicle Group Inc shares have dropped approximately -59.27%. Shares of the company reached a 52-week high of $2.5400 on 01/02/25 and a 52-week low of $0.8700 on 04/09/25. A 50-day SMA is recorded $1.7259, while a 200-day SMA reached $2.9014.
Support And Resistance Levels for Commercial Vehicle Group Inc (CVGI)
According to the 24-hour chart, there is a support level at 0.9000, which, if violated, would cause prices to drop to 0.7900. In the upper region, resistance lies at 1.0900. The next price resistance is at 1.1700. RSI (Relative Strength Index) is 28.68 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1955, which suggests the price will decrease in the coming days. Percent R is at 78.46%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
