Cummins Inc. (CMI) shares fell 2.0% to $550.15 as of September 9, 2026, a modest decline from the prior close of $561.55. BestStocks flagged the session as a major change for CMI. The move is tied to price move down. Below, we break down what changed for CMI, why it matters for investors, how the stock reacted, and the catalysts on the calendar.
What happened
CMI fell 2.0% to $550.15
Cummins Inc. (CMI) moved -2.10% from $576.96 to $564.85 on 2026-08-28, reaching a new 30-day low. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average, suggesting the move was not driven by unusual trading activity. Monitor CMI's Q3 2026 earnings report on 2026-11-05 for any beat/miss vs. the $8.12 consensus estimate and updated guidance.
This summary describes the catalyst and move as first detected on Aug 28, 2026, 4:39 PM EDT; the stock has continued trading since, so the current price and percentage move (shown above) may be larger or smaller than the figures here.
Material / EarningsWeak confidence
Rel. volume
0.3×
Below Avg
Vs peers
—
No comparable peers
Market cap
$75.9B
New York Stock Exchange
Analyst target
$788
+43.1% vs price
Price chart
Aug 10 – Sep 9
E earnings
F filing
A analyst
V/N other
click a marker to highlight
Change events — click to jump to details
What it means for Cummins Inc. investors
For Cummins Inc. investors, the recent signals add up to a bearish shift. On the constructive side: Cummins Inc. (CMI) moved +9.86% from $578.90 to $635.96 on 2026-08-04; Cummins Inc. (CMI) moved +3.29% from $639.43 to $660.45 on 2026-07-21. Weighing against that: Material negative event; Negative session, down 2.0%. Wall Street's consensus price target sits at $787.50, implying +43.1% upside from $550.15. BestStocks rates the overall signal quality weak (38/100). With earnings roughly 57 days out, the next report is the most likely near-term test of the move.
CMI price reaction
CMI last traded at $550.15, down $11.40 (-2.03%) from the previous close of $561.55. The session traded on 0.3× average volume (below avg), so participation was unremarkable. Over the past month the stock has ranged between $545.50 and $641.16, and it currently sits about 5% of the way up that band.
Bullish and bearish analyst opinions on Cummins Inc. (CMI)
The consensus analyst price target on Cummins Inc. (CMI) is $787.50, 43.1% above the recent $550.15. Over the past 90 days analysts logged 0 upgrades, 6 maintains, and 0 downgrades. Here is how the bullish and bearish cases on CMI line up.
▲ The bullish case
+Wall Street's consensus price target of $787.50 implies +43.1% upside from $550.15.
+The Street's most bullish target is $894.00 (+62.5%).
+Cummins Inc. (CMI) moved +9.86% from $578.90 to $635.96 on 2026-08-04.
▼ The bearish case
−Material negative event.
−Negative session, down 2.0%.
−CMI moved -2.67% from $678.24 to $660.14 on 2026-07-07.
−CMI fell 2.55% to $670.80 intraday despite being added to Zacks Rank #1 (Strong Buy) list on July 2nd and included in their best income stocks for the day.
−CMI fell 3.85% intraday to $685.75, extending a broader decline since last earnings.
Bull vs bear balanceBearish Shift
BearishNeutralBullish
Weighing both sides, BestStocks' composite read of recent signals is bearish, as the bull-versus-bear meter above shows. This is an educational summary of the bull and bear case, not investment advice.
Analyst price targets and ratings are FMP consensus figures as of Sep 9, 2026; other aggregators may differ. High and low targets show the range of estimates, not forecasts.
Analyst expectations
Consensus target: $788+43.1%
= 6 maintains
Evercore ISI Group maintained Outperform · 2026-08-11
Cummins Inc. (CMI) moved -1.36% from $553.00 to $545.50 on 2026-09-03, reaching a new 30-day low. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move occurred on modestly elevated volume (1.4x the 5-day average).
CMI fell 2.18% to $552.12 amid a broader industrial and technology sector selloff driven by surging Treasury yields (30-year hitting multi-year highs) and geopolitical tensions in the Middle East pushing oil prices higher, according to market analysis. The decline occurred despite Cummins' recent win of its largest-ever battery energy storage system contract for AI data center infrastructure. Volume of 234,543 shares traded at 0.53x expected for this time of session—below average.
Material / Earnings2026-08-24-2.7%
Cummins Inc. (CMI) moved -2.62% from $587.00 to $571.62 on 2026-08-24. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. The move coincides with CMI reaching a new 30-day low.
Material / Earnings2026-08-21-0.9%
Cummins Inc. (CMI) moved -2.01% from $599.71 to $587.68 on 2026-08-21, reaching a new 30-day low. We checked news, earnings announcements, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume remained near its 5-day average at 1.2x, indicating the move occurred without unusual trading activity.
CMI declined 2.00% to $596.20, extending a downward drift that began after Q2 earnings on August 20, when the company reported EPS of $6.73 versus consensus expectation of $7.21, despite revenue growth of 9.4% year-over-year to $9.46 billion (per web_catalyst). Volume of 216,409 shares (151 minutes into session) ran at 0.59x the historical average, indicating below-average participation. The stock is also positioning ahead of its ex-dividend date on August 21.
CMI declined 2.44% to $605.64 amid a broader industrial and technology sector sell-off driven by surging Treasury yields, rising oil prices from geopolitical tensions, and softer-than-expected macro industrial data, according to market analysis. Volume stands at 515,518 shares (0.71x expected for this time of day), indicating normal intraday trading despite the decline.
Activity2026-08-04-2.0%
Cummins Inc. (CMI) moved +9.86% from $578.90 to $635.96 on 2026-08-04. We checked news, earnings, analyst updates, SEC filings, and corporate actions — no company-specific catalyst was found. Volume was 2.1x the 5-day average, indicating elevated institutional or retail interest.
Filings2026-08-04-2.0%
Cummins Inc. (CMI) filed a new 8-K on August 4, 2026. The audit does not specify the content of the filing.
Upcoming catalysts & outlook
Next earnings
2026-11-05 (est.)
in 57 days
Earnings Release
2026-11-05
High impact
Thesis shift
Bearish Shift
bearish signal
Risk level
High
from change events
Frequently asked questions about CMI
Why did Cummins Inc. (CMI) stock move?
CMI fell 2.0% to $550.15. No single company-specific catalyst was confirmed during the move window, and it looks technical.
How much did CMI stock fall?
CMI lost 2.03% ($11.40) versus the prior close of $561.55, last trading at $550.15 on 0.3× average volume.
When is Cummins Inc.'s next earnings date?
CMI's next earnings report is estimated for 2026-11-05 — about 57 days away.
What is the analyst price target for CMI?
The consensus analyst price target for CMI is $787.50, about 43.1% above the current $550.15. Over the past 90 days, analysts recorded 0 upgrades, 6 maintains, and 0 downgrades.
How BestStocks tracks CMI
This page is generated automatically by BestStocks' change-detection system after price move down was detected and verified against independent data sources. It draws on 20 tracked change events for CMI, cross-checked against the data sources listed below. Price, volume, and market-capitalization figures are the live intraday quote as of September 9, 2026 and refresh as new information is detected; for companies with multiple share classes, market-cap figures can differ by data source. Analyst price targets and ratings are FMP consensus. This is an educational summary of what changed and why — not personalized investment advice.
