In a filing, QuidelOrtho Corporation revealed its Chief Financial Officer Busky Joseph M acquired Company’s shares for reported $99663.0 on Feb 23 ’24. In the deal valued at $46.35 per share,2,150 shares were bought. As a result of this transaction, Busky Joseph M now holds 2,150 shares worth roughly $91805.0.
UBS downgraded its QuidelOrtho Corporation [QDEL] rating to a Sell from a a Neutral in a research note published on March 04, 2024; the price target was decreased to $42 from $70. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid February from “a Neutral” to “an Underweight”. Citigroup also remained covering QDEL and has decreased its forecast on December 11, 2023 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on December 12, 2022. It rated QDEL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of QDEL
On Friday, QuidelOrtho Corporation [NASDAQ:QDEL] saw its stock jump 0.05% to $42.70. Over the last five days, the stock has lost -10.93%. QuidelOrtho Corporation shares have fallen nearly -42.06% since the year began. Nevertheless, the stocks have fallen -51.94% over the past one year. While a 52-week high of $98.67 was reached on 01/02/24, a 52-week low of $41.75 was recorded on 04/02/24. SMA at 50 days reached $52.37, while 200 days put it at $68.66. A total of 0.81 million shares were traded, compared to the trading of 1.34 million shares in the previous session.
Levels Of Support And Resistance For QDEL Stock
The 24-hour chart illustrates a support level at 42.01, which if violated will result in even more drops to 41.33. On the upside, there is a resistance level at 43.34. A further resistance level may holdings at 43.99. The Relative Strength Index (RSI) on the 14-day chart is 32.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.55, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.22%. Stochastics %K at 11.93% indicates the stock is a buying.
How much short interest is there in QuidelOrtho Corporation?
A steep rise in short interest was recorded in QuidelOrtho Corporation stocks on Mar 15, 2024, dropping by -1.97 million shares to a total of 2.44 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.41 million shares. There was a decline of -80.74%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.56% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.7.
The most recent change occurred on December 07, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $125 price target.
