Why Is CALUMET INC Equity (CLMT) Stock Up Today?

Why CLMT stock is up today

Calumet Inc stock rose 11.45 percent to $44.00 on Monday driven by a price target increase from BofA. The stock opened with a 1.3 percent gap up and reached a session high of $44.72 before settling at $44.01. The move follows a single report from The Fly indicating that BofA raised its price target for Calumet to $45 from $38.

What Happened

The Fly reported that BofA raised its price target for Calumet to $45 from $38. This action came after the stock opened at $40.00 and climbed steadily throughout the session. The stock's performance was notable given its unprofitable status with an EPS TTM of -2.17 and a net margin of -4.5 percent. The session saw 1.0 million shares traded, which is 0.9 times the 3-month daily average.

What The Data Shows

The stock opened with a 1.3 percent gap up from the prior close of $39.48 and reached a high of $44.72. It closed the session at $44.01 with a volume of 1.0 million shares. Recent insider transactions include a sale by Sajkowski Daniel J on July 1, 2026, and a sale by Heritage Group on May 15, 2026. Over the last 90 days, there were 0 buys and 2 sells totaling $20.6 million. The stock's 52-week range is $12.94 to $45.20, indicating it is close to its 52-week high.

What To Watch

Investors should monitor the breadth of coverage as the stock currently has 1 story from 1 source in the last 36 hours. No earnings date is scheduled for the near future.