In a filing, Cadre Holdings Inc revealed its CEO AND CHAIRMAN KANDERS WARREN B unloaded Company’s shares for reported $50.33 million on Mar 19 ’24. In the deal valued at $35.00 per share,1,438,127 shares were sold. As a result of this transaction, KANDERS WARREN B now holds 12,184,918 shares worth roughly $437.56 million.
Then, Browers Blaine sold 7,564 shares, generating $242,431 in total proceeds. Upon selling the shares at $32.05, the PRESIDENT now owns 70,069 shares.
Before that, Browers Blaine sold 7,436 shares. Cadre Holdings Inc shares valued at $242,222 were divested by the PRESIDENT at a price of $32.57 per share. As a result of the transaction, Browers Blaine now holds 77,633 shares, worth roughly $2.79 million.
ROTH MKM reiterated its Cadre Holdings Inc [CDRE] rating to a Buy in a research note published on February 21, 2024; the price target was $38. A number of analysts have revised their coverage, including Raymond James’s analysts, who decreased its forecast for the stock in late January from “an Outperform” to “a Mkt perform”. BofA Securities began covering CDRE with “Buy” recommendation on September 06, 2022. Jefferies started covering the stock on August 31, 2022. It rated CDRE as “a Buy”.
Price Performance Review of CDRE
On Monday, Cadre Holdings Inc [NYSE:CDRE] saw its stock fall -1.97% to $35.91. Over the last five days, the stock has lost -0.47%. Cadre Holdings Inc shares have risen nearly 9.18% since the year began. Nevertheless, the stocks have risen 70.51% over the past one year. While a 52-week high of $39.81 was reached on 03/13/24, a 52-week low of $19.13 was recorded on 01/04/24. SMA at 50 days reached $35.72, while 200 days put it at $29.68. A total of 0.65 million shares were traded, compared to the trading of 0.29 million shares in the previous session.
Levels Of Support And Resistance For CDRE Stock
The 24-hour chart illustrates a support level at 35.39, which if violated will result in even more drops to 34.87. On the upside, there is a resistance level at 36.76. A further resistance level may holdings at 37.61. The Relative Strength Index (RSI) on the 14-day chart is 50.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.58, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.33%. Stochastics %K at 75.13% indicates the stock is a holding.
How much short interest is there in Cadre Holdings Inc?
A steep rise in short interest was recorded in Cadre Holdings Inc stocks on Mar 15, 2024, growing by 0.18 million shares to a total of 0.92 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 0.74 million shares. There was a rise of 20.01%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 2.69.
