In a filing, Cardlytics Inc revealed its Chief Executive Officer Temsamani Karim Saad unloaded Company’s shares for reported $0.45 million on Apr 02 ’24. In the deal valued at $13.69 per share,32,564 shares were sold. As a result of this transaction, Temsamani Karim Saad now holds 344,734 shares worth roughly $4.71 million.
Then, Lynton Nicholas Hollmeyer sold 12,460 shares, generating $170,620 in total proceeds. Upon selling the shares at $13.69, the Chief Legal & Privacy Officer now owns 71,355 shares.
Before that, Temsamani Karim Saad sold 154 shares. Cardlytics Inc shares valued at $2,219 were divested by the Chief Executive Officer at a price of $14.41 per share. As a result of the transaction, Temsamani Karim Saad now holds 344,580 shares, worth roughly $4.71 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 4.59% to $13.67. Over the last five days, the stock has lost -5.66%. Cardlytics Inc shares have risen nearly 48.43% since the year began. Nevertheless, the stocks have risen 119.07% over the past one year. While a 52-week high of $20.52 was reached on 03/25/24, a 52-week low of $4.61 was recorded on 01/26/24. SMA at 50 days reached $9.45, while 200 days put it at $10.45. A total of 0.8 million shares were traded, compared to the trading of 1.71 million shares in the previous session.
Levels Of Support And Resistance For CDLX Stock
The 24-hour chart illustrates a support level at 13.16, which if violated will result in even more drops to 12.66. On the upside, there is a resistance level at 14.01. A further resistance level may holdings at 14.36. The Relative Strength Index (RSI) on the 14-day chart is 55.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.59%. Stochastics %K at 25.55% indicates the stock is a holding.
How much short interest is there in Cardlytics Inc?
A steep rise in short interest was recorded in Cardlytics Inc stocks on Mar 15, 2024, growing by 0.33 million shares to a total of 4.48 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.15 million shares. There was a rise of 7.37%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 11.57% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.9.
