Cummins Inc’s recent filing unveils 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 $7.54 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 $0.43 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 Monday, Cummins Inc [NYSE:CMI] saw its stock jump 0.94% to $288.57. Over the last five days, the stock has gained 4.68%. Cummins Inc shares have fallen nearly -17.22% since the year began. Nevertheless, the stocks have fallen -4.72% 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 $336.97, while 200 days put it at $330.20.
Levels Of Support And Resistance For CMI Stock
The 24-hour chart illustrates a support level at 285.45, which if violated will result in even more drops to 282.32. On the upside, there is a resistance level at 291.25. A further resistance level may holdings at 293.92. The Relative Strength Index (RSI) on the 14-day chart is 39.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -13.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.13%. Stochastics %K at 34.56% 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 2025-03-31, growing by 0.63 million shares to a total of 2.2 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-28 was 1.56 million shares. There was a rise of 28.91%, which implies that there is a positive sentiment for the stock.
