Why Calumet Stock Is Rocketing Higher Today
After plunging on Friday, shares are starting this week on an auspicious note.
Archived explainer. For the current picture see today's CLMT page.
CALUMET INC Equity (CLMT) is up +15.17% in the latest session. Our newswire has captured 2 stories on CLMT across 2 sources in the last 36 hours, with AI sentiment reading bullish (avg 63/100).
Calumet Inc shares surged 15.17 percent to $45.47 in a notable session move driven by a price target increase from Bank of America. The stock began the week on an upbeat note after a decline on Friday. The move reflects renewed investor interest in the company following the updated price target.
Shares of Calumet Inc climbed sharply as Bank of America raised its price target for the stock to $45 from $38. This adjustment came amid mixed earnings reports from the company in recent quarters. The Motley Fool highlighted the stock's upward trajectory and noted that the rally started as a positive development for investors. The Fly also reported the price target increase as a key factor behind the stock's performance.
Despite the sharp rise in share price, Calumet remains unprofitable with an earnings per share of -2.17 over the trailing twelve months. The company's revenue declined slightly by 0.1 percent in the same period, and its net margin remains negative at -4.5 percent. The stock's beta of 0.71 indicates it is less volatile than the market. The current price of $45.47 is near the 52-week high of $45.20. Recent insider transactions show two sales totaling $20.6 million in the last 90 days, with the most recent filing on July 2, 2026.
Investors should monitor the company's upcoming earnings report for further insights into its financial performance. The coverage breadth is currently limited to two stories in the last 36 hours, but increased analyst activity may provide additional clarity on the stock's trajectory.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
After plunging on Friday, shares are starting this week on an auspicious note.
More on CLMT: full news and sentiment history. Sentiment scores are AI-derived research signals, not financial advice.
Earlier CLMT move explainers: 2026-08-11 · 2026-08-10 · 2026-08-07