CLS
Underperforming without a clear catalyst yet
- CLS −5.20% on the last session vs SPY +0.12%: −5.3 pts of stock-specific move.
- Market backdrop (Today): Core PPI m/m 1.3% vs 0.3% expected (hotter); Core Retail Sales m/m 0.9% vs 0.6% expected (stronger); S&P futures -0.08%, 10-year yield -3bp in the 30 minutes after.
- Activity: volume on pace for 2.8× its 20-day average.
Bargain & stretch prices
Prices CLS only reaches with set odds, from its own recent swings. Odds, not a forecast.
| Today | Next 5 sessions | |
|---|---|---|
| Stretch sell side |
337.34 +4.3% ↑ more often after a big drop
reached 3 in 10 days · 31% vs usual 28% |
355.51 +10.0% ↑ more often after a big drop
reached 3 in 10 weeks · 31% vs usual 30% |
| Now | 306.52 · prior close 323.32 | |
| Bargain buy side |
309.88 -4.2% reached 3 in 10 days reached today |
294.05 -9.1% reached 3 in 10 weeks |
More patient or more eager
| Bargain | Reached | Stretch | Reached | |
|---|---|---|---|---|
| Today | ||||
| Patient | 305.64 | 2 in 10 days | 342.02 | 2 in 10 days↑ 20% vs 17% |
| Balanced | 309.88 | 3 in 10 days | 337.34 | 3 in 10 days↑ 31% vs 28% |
| Eager | 313.89 | 4 in 10 days | 333.03 | 5 in 10 days↑ 49% vs 45% |
| Next 5 sessions | ||||
| Patient | 285.12 | 2 in 10 weeks | 366.64 | 2 in 10 weeks |
| Balanced | 294.05 | 3 in 10 weeks | 355.51 | 3 in 10 weeks↑ 31% vs 30% |
| Eager | 302.62 | 4 in 10 weeks | 345.44 | 5 in 10 weeks↑ 49% vs 48% |
"3 in 10 days" means the price was reached on about 3 of every 10 days like this one. Patient prices are further away and come less often; eager ones are closer and come more often. From CLS's daily swings (about 4.4% a day lately), anchored on the Oct 14 close. The odds were measured on 10 years of S&P 500 prices (they move about 3 points from year to year with the market: bargain prices come more often in falling years, stretch prices in rising ones), and where a situation below changed them consistently (in at least 8 of 10 years), they are adjusted and marked. In those tests, waiting for the bargain price did no better on average than buying at the close: what you save when it comes, you pay when it doesn't.
Situations on the Oct 14 close
- Stretch price, next session: reached 31% of days instead of the usual 28% (held in 9 of 10 years)
- Stretch price, next 5 sessions: reached 31% of weeks instead of the usual 30% (held in 8 of 10 years)
| Date | That day | 1 week on | 1 month on | 3 months on |
|---|---|---|---|---|
| Sep 14, 2026 | -8.8% | +9.0% | +13.1% | — |
| Aug 28, 2026 | -5.9% | +4.6% | +22.7% | — |
| Aug 18, 2026 | -8.8% | -1.2% | +6.2% | — |
| Aug 6, 2026 | -13.3% | +10.5% | -0.7% | — |
| Jul 24, 2026 | -8.8% | +8.6% | -3.5% | — |
| Jul 16, 2026 | -9.2% | +10.2% | +10.3% | +6.4% |
| Jun 26, 2026 | -6.6% | +3.8% | +3.8% | +8.3% |
| Jun 16, 2026 | -5.3% | -5.2% | -21.1% | -15.2% |
Big drop and big gain: among CLS's own worst or best 10% of daily moves, as on the Aftermath tab. The past times are history: in our tests, how a stock did after its earlier times did not predict the next one, and across the S&P 500 none of these situations leaned up or down except, weakly, an all-time high followed by a big drop. Not advice.
Price ladder
| All-time and 52-week closing high Jun 2, 2026 |
472.40 +54.1% |
| Stretch, next 5 sessions | 355.51 +16.0% |
| 200-day average | 333.41 +8.8% |
| 50-day average | 332.88 +8.6% |
| Previous close Oct 14, 2026 |
323.32 +5.5% |
| Now | 306.52 |
| Bargain, next 5 sessions | 294.05 -4.1% |
| 52-week closing low Oct 14, 2025 |
247.75 -19.2% |
Closing prices (all-time = the 28 years Yahoo has). Percentages are the distance from now. These are levels people watch, not levels the price has to respect. Not advice.