Cummins Inc., the NYSE-listed company, has recently been the subject of massive insider trading, with its Vice President offloading significant stocks and the Chief Administrative Officer, Sharon Barner, selling 3,880 shares. This divestment amidst their Rocky Mount Engine Plant announcing a $580M project. The company's stock has largely been outperforming the market despite a brief 8.9% dip following their last earnings report. Acquisition of new shares by Segantii Capital Management Ltd, and Victory Capital Management acquiring over 9000 shares illustrate increased interest in the company. However, there have been rating fluctuations, with the company's stock being raised to a buy at StockNews.com. Their Q1 earnings missed estimates but their revenue overstated estimates. The company has also signed a massive 1 million square foot lease with Mohr Logistics Park. In the recent earnings call for Q4, Cummins demonstrated a miss on estimates yet a year/year rise in revenues. They also announced their field testing of a hybrid (diesel-battery) truck solution amidst an announcement of a record-setting $1.675 billion US environmental fine. Despite this, the company has seen consistent growth, with shares' 5-year CAGR registering at 13%.
Cummins CMI News Analytics from Thu, 02 Nov 2023 07:00:00 GMT to Fri, 10 May 2024 09:07:56 GMT -
Rating 2
- Innovation -4
- Information 5
- Rumor -3
