Cinedigm Corp.’s recent filing unveils that its CFO Canning John K. unloaded Company’s shares for reported $44560.0 on Aug 22. In the deal valued at $0.57 per share,77,976 shares were sold. As a result of this transaction, Canning John K. now holds 0 shares worth roughly $ 0.0.
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Alliance Global Partners reiterated its Cinedigm Corp. [CIDM] rating to a Buy in a research note published on Monday, January 21, 2021; the price target was $3. PT values the company’s stock at a premium of 81.0 to its Monday closing price. A number of analysts have revised their coverage, including The Benchmark Company’s analysts, who began to cover the stock in early July with a ‘”a Speculative buy”‘ rating. Macquarie also remained covering CIDM and has increased its forecast on April 30, 2015 with a “an Outperform” recommendation from previously “Neutral” rating. B. Riley & Co. maintained its rating on June 27, 2014. It rated CIDM as “a Buy”.
Price Performance Review of CIDM
On Monday, Cinedigm Corp. [NASDAQ:CIDM] saw its stock jump 2.92% to $0.57. On the same session, the stock had its day’s lowest price of $0.535, but rose to a high of $0.581. Over the last five days, the stock has gained 8.50%. Cinedigm Corp. shares have fallen nearly -50.50% since the year began. Nevertheless, the stocks have fallen -76.08% over the past one year. While a 52-week high of $2.44 was reached on 01/04/22, a 52-week low of $0.39 was recorded on 10/11/22. SMA at 50 days reached $0.4895, while 200 days put it at $0.6346. A total of 0.58 million shares were traded, compared to the trading of 0.79 million shares in the previous session.
Levels Of Support And Resistance For CIDM Stock
The 24-hour chart illustrates a support level at 0.5458, which if violated will result in even more drops to 0.5174. On the upside, there is a resistance level at 0.5918. A further resistance level may holdings at 0.6094. The Relative Strength Index (RSI) on the 14-day chart is 66.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0415, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 4.86%. Stochastics %K at 85.61% indicates the stock is a selling.
How much short interest is there in Cinedigm Corp.?
A steep rise in short interest was recorded in Cinedigm Corp. stocks on Jul 14, 2022, growing by 0.25 million shares to a total of 5.49 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 5.24 million shares. There was a rise of 4.55%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 3.54% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.8.
Cinedigm Corp. [CIDM] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 6,614,901 shares, or roughly 3.73% of the outstanding CIDM shares. Additionally, BlackRock Fund Advisors decreased -15.95% of its stake after which the total value it holdings stand at $806,868. Over the last quarter, Geode Capital Management LLC purchased 97,917 shares of Cinedigm Corp., while Renaissance Technologies LLC bought -1,965,500 shares. At present, SSgA Funds Management, Inc. is holding 485,901 shares valued at $0.19 million. Bridgeway Capital Management LLC owned 424,500 shares of the company at the time of its most recent 13F filing, worth $0.17 million.
The most recent change occurred on November 04, 2013 when B. Riley & Co. resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $3.