Cummins Inc’s recently made public that its VP – Chief Financial Officer Smith Mark Andrew unloaded Company’s shares for reported $4.28 million on Feb 10 ’25. In the deal valued at $374.57 per share,11,430 shares were sold. As a result of this transaction, Smith Mark Andrew now holds 26,122 shares worth roughly $6.98 million.
Then, MARK A. SMITH bought 11,430 shares, generating $4,281,359 in total proceeds.
Before that, RUMSEY JENNIFER sold 1 shares. Cummins Inc shares valued at $188 were divested by the Chair and CEO at a price of $348.84 per share. As a result of the transaction, RUMSEY JENNIFER now holds 1,481 shares, worth roughly $0.4 million.
UBS downgraded its Cummins Inc [CMI] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who increased its forecast for the stock in mid January from “an Underperform” to “a Neutral”. JP Morgan also remained covering CMI and has increased its forecast on December 09, 2024 with a “Neutral” recommendation from previously “an Underweight” rating. Evercore ISI revised its rating on November 13, 2024. It rated CMI as “an Outperform” which previously was an “an In-line”.
Price Performance Review of CMI
On Tuesday, Cummins Inc [NYSE:CMI] saw its stock fall -3.10% to $267.12. Over the last five days, the stock has lost -15.30%. Cummins Inc shares have fallen nearly -23.37% since the year began. Nevertheless, the stocks have fallen -11.16% over the past one year. While a 52-week high of $387.90 was reached on 02/19/25, a 52-week low of $260.02 was recorded on 04/07/25. SMA at 50 days reached $342.32, while 200 days put it at $330.07.
Levels Of Support And Resistance For CMI Stock
The 24-hour chart illustrates a support level at 257.95, which if violated will result in even more drops to 248.77. On the upside, there is a resistance level at 280.35. A further resistance level may holdings at 293.57. The Relative Strength Index (RSI) on the 14-day chart is 20.51, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -36.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.33%. Stochastics %K at 12.87% indicates the stock is a buying.
How much short interest is there in Cummins Inc?
A steep rise in short interest was recorded in Cummins Inc stocks on 2025-03-14, dropping by 7408.0 shares to a total of 1.63 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 1.63 million shares. There was a decline of -0.46%, which implies that there is a negative sentiment for the stock.
