Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CareDx Inc shares valued at $22,898 were sold by Seeto Reginald on May 02. At $8.12 per share, Seeto Reginald sold 2,819 shares. The insider’s holdings dropped to 534,996 shares worth approximately $4.33 million following the completion of this transaction.
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Also, Seeto Reginald sold 2,818 shares, netting a total of over 25,225 in proceeds. Following the sale of shares at $8.95 each, the insider now holds 537,815 shares.
Before that, Seeto Reginald had sold 2,819 shares from its account. In a trade valued at $44,758, the insider traded CareDx Inc shares for $15.88 each. Upon closing the transaction, the insider’s holdings decreased to 2,819 shares, worth approximately $4.37 million.
Analyzing CDNA Stock Performance
On Thursday, CareDx Inc [NASDAQ: CDNA] plunged -4.37% to $8.09. The stock’s lowest price that day was $8.05, but it reached a high of $8.595 in the same session. During the last five days, there has been a surge of approximately 6.31%. Over the course of the year, CareDx Inc shares have dropped approximately -29.10%. Shares of the company reached a 52-week high of $18.04 on 02/02/23 and a 52-week low of $6.22 on 05/11/23. A 50-day SMA is recorded $8.59, while a 200-day SMA reached $13.84. Nevertheless, trading volume fell to 0.69 million shares from 0.69 million shares the previous day.
Support And Resistance Levels for CareDx Inc (CDNA)
According to the 24-hour chart, there is a support level at 7.89, which, if violated, would cause prices to drop to 7.70. In the upper region, resistance lies at 8.44. The next price resistance is at 8.79. RSI (Relative Strength Index) is 45.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.22, which suggests the price will decrease in the coming days. Percent R is at 38.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is CareDx Inc subject to short interest?
Stocks of CareDx Inc saw a sharp rise in short interest on Apr 27, 2023 jumping by 70000.0 shares to 5.2 million. Data from Yahoo Finance shows that the short interest on Mar 30, 2023 was 5.13 million shares. A jump of 1.35% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 6.69 of the overall float, the days-to-cover ratio (short ratio) jumped to 6.69.
Which companies own the most shares of CareDx Inc (CDNA)?
According to ARK Investment Management LLC filings, the company currently owns 6,799,439 shares, which is about 12.67% of the total CDNA shares outstanding. The investor’s shares have appreciated by 611,257 from its previous 13-F filing of 6188182.0 shares. With the completion of the sale transaction, The Vanguard Group, Inc.’s stake is now worth $40,764,426. SSgA Funds Management, Inc. reduced a -15.12% interest valued at $39.46 million while BlackRock Fund Advisors sold a -66,249 stake. A total of 270,643 shares of CareDx Inc were sold by Bellevue Asset Management AG during the quarter, and 2,636,000 were bought by Armistice Capital LLC. In its current portfolio, Nikko Asset Management Americas, holds 2,750,468 shares valued at $22.25 million.
In terms of CareDx Inc share price expectations, FactSet research, analysts set an average price target of $10.00 in the next 12 months, up nearly 18.2% from the previous closing price of $8.46. Analysts anticipate CareDx Inc stock to reach $12.00 by 2023, with the lowest price target being $8.00. In spite of this, 7 analysts ranked CareDx Inc stock as an Overweight at the end of 2023.