ProShares UltraShort DJ-UBS Commodity (NYSEARCA:CMD) had its target price decreased by Needham & Company LLC from $94.00 to $82.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the medical instruments supplier’s stock.
Separately, Zacks Investment Research downgraded ProShares UltraShort DJ-UBS Commodity from a hold rating to a sell rating in a research report on Wednesday, January 8th.
Shares of CMD stock opened at $67.59 on Tuesday. The stock has a 50 day moving average of $65.67 and a two-hundred day moving average of $75.51. ProShares UltraShort DJ-UBS Commodity has a 12 month low of $59.94 and a 12 month high of $93.87.
The company also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Friday, January 17th were paid a $0.105 dividend. This is a boost from ProShares UltraShort DJ-UBS Commodity’s previous dividend of $0.10. The ex-dividend date was Thursday, January 16th.
In other news, SVP Jeffrey Z. Mann bought 750 shares of the stock in a transaction dated Thursday, January 23rd. The stock was bought at an average cost of $67.30 per share, with a total value of $50,475.00. Following the purchase, the senior vice president now owns 7,132 shares of the company’s stock, valued at $479,983.60. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO George L. Fotiades bought 5,000 shares of the stock in a transaction dated Thursday, January 16th. The stock was purchased at an average cost of $64.62 per share, with a total value of $323,100.00. Following the completion of the purchase, the chief executive officer now directly owns 118,583 shares in the company, valued at approximately $7,662,833.46. The disclosure for this purchase can be found here. Insiders bought a total of 6,750 shares of company stock valued at $436,005 over the last three months. Insiders own 14.90% of the company’s stock.
About ProShares UltraShort DJ-UBS Commodity
ProShares UltraShort DJ-UBS Commodity (the Fund), formerly ProShares UltraShort DJ-AIG Commodity is an exchange-traded fund (ETF). The Fund seeks daily investment results that correspond to twice (200%) the inverse (opposite) of the daily performance of The Dow Jones-UBS Commodity Index. The Dow Jones-UBS Commodity Index allows investors to track the commodity futures market.
Featured Article: How Do You Calculate Return on Equity (ROE)?
Receive News & Ratings for ProShares UltraShort DJ-UBS Commodity Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for ProShares UltraShort DJ-UBS Commodity and related companies with MarketBeat.com's FREE daily email newsletter.