Cardlytics Inc’s recently made public that its 10% Owner SOSIN CLIFFORD acquired Company’s shares for reported $4.96 million on Mar 19 ’24. In the deal valued at $14.16 per share,350,000 shares were bought. As a result of this transaction, SOSIN CLIFFORD now holds 6,373,676 shares worth roughly $101.34 million.
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Then, SOSIN CLIFFORD bought 350,000 shares, generating $4,689,685 in total proceeds. Upon buying the shares at $13.40, the 10% Owner now owns 6,023,676 shares.
Before that, SOSIN CLIFFORD bought 311,715 shares. Cardlytics Inc shares valued at $4,274,174 were divested by the 10% Owner at a price of $13.71 per share. As a result of the transaction, SOSIN CLIFFORD now holds 5,673,676 shares, worth roughly $90.21 million.
Craig Hallum upgraded its Cardlytics Inc [CDLX] rating to a Buy from a a Hold in a research note published on March 15, 2024; the price target was increased to $18 from $10. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Wells Fargo also remained covering CDLX and has decreased its forecast on September 08, 2022 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on July 14, 2022. It rated CDLX as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of CDLX
On Friday, Cardlytics Inc [NASDAQ:CDLX] saw its stock jump 4.33% to $15.90. Over the last five days, the stock has gained 9.66%. Cardlytics Inc shares have risen nearly 72.64% since the year began. Nevertheless, the stocks have risen 437.16% over the past one year. While a 52-week high of $19.57 was reached on 03/22/24, a 52-week low of $2.57 was recorded on 01/26/24. SMA at 50 days reached $7.99, while 200 days put it at $10.07. A total of 1.7 million shares were traded, compared to the trading of 2.17 million shares in the previous session.
Levels Of Support And Resistance For CDLX Stock
The 24-hour chart illustrates a support level at 15.48, which if violated will result in even more drops to 15.07. On the upside, there is a resistance level at 16.60. A further resistance level may holdings at 17.31. The Relative Strength Index (RSI) on the 14-day chart is 77.93, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.64, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.87%. Stochastics %K at 91.76% indicates the stock is a selling.
How much short interest is there in Cardlytics Inc?
A steep rise in short interest was recorded in Cardlytics Inc stocks on Feb 29, 2024, growing by 0.2 million shares to a total of 4.36 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 4.16 million shares. There was a rise of 4.59%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.85% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.
