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Alok K. Agrawal, the Chief Strategy Officer of Celestica Inc . (NYSE:CLS), recently executed significant transactions involving the company’s stock, which has seen remarkable performance with a 289% gain over the past year. According to a Form 4 filing with the Securities and Exchange Commission, Agrawal sold a total of 21,460 common shares in two separate transactions. The shares were sold at prices ranging from $122.28 to $133.92 per share, resulting in a total value of approximately $2.7 million. The stock is currently trading near its 52-week high of $144.27.
In addition to these sales, Agrawal acquired 14,178 common shares from the exercise of restricted share units on February 5, 2025. This transaction, however, was executed at no cost, as the units were part of a previously granted compensation package.
Following these transactions, Agrawal’s direct ownership of Celestica (TSX:CLS) shares stands at 16,050 shares.
In other recent news, Celestica’s stock target has seen multiple upward revisions by RBC Capital Markets and BMO Capital Markets, reflecting the company’s strong performance and promising outlook. RBC lifted its price target from $140 to $160, emphasizing Celestica’s momentum in launching new programs and its distinctive product offerings. Similarly, BMO raised its stock target to $140, highlighting the company’s potential for increased capital expenditures related to artificial intelligence (AI).
In addition to these financial highlights, Celestica announced the resignation of Laurette T. Koellner from its Board of Directors, effective January 31, 2025. The company confirmed that the departure is not due to any disagreements over operations, policies, or practices, and it has begun the process of finding a suitable replacement.
These recent developments underscore Celestica’s continued growth trajectory and its ability to maintain operational excellence. The company’s strong positioning with hyperscalers and its focus on high-potential sectors have been noted by analysts as key contributors to its financial success. As Celestica continues to deliver on these fronts, it is expected to experience an upward re-rating in the market.
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