Radnet Inc’s recent filing unveils that its EVP & Chief Development Offcr Murdock Michael N unloaded Company’s shares for reported $0.35 million on Dec 05 ’23. In the deal valued at $35.02 per share,10,115 shares were sold. As a result of this transaction, Murdock Michael N now holds 68,432 shares worth roughly $3.31 million.
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Then, Gordon Christine Nayoma sold 3,000 shares, generating $97,200 in total proceeds. Upon selling the shares at $32.40, the Director now owns 10,385 shares.
Before that, HAMES NORMAN R sold 10,000 shares. Radnet Inc shares valued at $311,200 were divested by the Pres and COO-West Operations at a price of $31.12 per share. As a result of the transaction, HAMES NORMAN R now holds 278,485 shares, worth roughly $13.45 million.
Barclays initiated its Radnet Inc [RDNT] rating to an Equal weight in a research note published on March 06, 2024; the price target was $48. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. CJS Securities began covering RDNT with “Market outperform” recommendation on March 31, 2023. Raymond James revised its rating on March 03, 2023. It rated RDNT as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of RDNT
On Tuesday, Radnet Inc [NASDAQ:RDNT] saw its stock jump 2.72% to $48.31. Over the last five days, the stock has gained 6.18%. Radnet Inc shares have risen nearly 38.94% since the year began. Nevertheless, the stocks have risen 106.90% over the past one year. While a 52-week high of $49.41 was reached on 03/07/24, a 52-week low of $23.54 was recorded on 01/03/24. SMA at 50 days reached $40.83, while 200 days put it at $33.98. A total of 0.66 million shares were traded, compared to the trading of 1.72 million shares in the previous session.
Levels Of Support And Resistance For RDNT Stock
The 24-hour chart illustrates a support level at 47.20, which if violated will result in even more drops to 46.10. On the upside, there is a resistance level at 49.32. A further resistance level may holdings at 50.34. The Relative Strength Index (RSI) on the 14-day chart is 67.23, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.45, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.80%. Stochastics %K at 76.77% indicates the stock is a holding.
How much short interest is there in Radnet Inc?
A steep rise in short interest was recorded in Radnet Inc stocks on Feb 29, 2024, dropping by 30000.0 shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 2.65 million shares. There was a decline of -1.15%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.40% of the overall stock float, the days-to-cover ratio (short ratio) fell to 8.13.
The most recent change occurred on August 12, 2021 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $39 price target.
