Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cardlytics Inc shares valued at $445,801 were sold by Temsamani Karim Saad on Apr 02 ’24. At $13.69 per share, Temsamani Karim Saad sold 32,564 shares. The insider’s holdings dropped to 344,734 shares worth approximately $4.59 million following the completion of this transaction.
Also, Lynton Nicholas Hollmeyer sold 12,460 shares, netting a total of over 170,620 in proceeds. Following the sale of shares at $13.69 each, the insider now holds 71,355 shares.
Before that, Temsamani Karim Saad had sold 154 shares from its account. In a trade valued at $2,219, the Chief Executive Officer traded Cardlytics Inc shares for $14.41 each. Upon closing the transaction, the insider’s holdings decreased to 154 shares, worth approximately $4.59 million.
As published in a research note from Craig Hallum on March 15, 2024, Cardlytics Inc [CDLX] has been rated up from a Hold to a Buy and the price target has been revised to $18 from $10. Analysts at Lake Street started covering the stock with ‘”a Buy”‘ outlook in a report released in late November. As of September 08, 2022, Wells Fargo has decreased its “an Equal weight” rating to a “an Underweight” for CDLX. Earlier on July 14, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Equal weight” for CDLX stock which previously was a “an Overweight”.
Analyzing CDLX Stock Performance
During the last five days, there has been a surge of approximately 0.08%. Over the course of the year, Cardlytics Inc shares have jumped approximately 44.63%. Shares of the company reached a 52-week high of $20.52 on 03/25/24 and a 52-week low of $5.76 on 01/26/24. A 50-day SMA is recorded $9.90, while a 200-day SMA reached $10.57. Nevertheless, trading volume fell to 1.63 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Cardlytics Inc (CDLX)
According to the 24-hour chart, there is a support level at 12.89, which, if violated, would cause prices to drop to 12.45. In the upper region, resistance lies at 14.02. The next price resistance is at 14.71. RSI (Relative Strength Index) is 53.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.68, which suggests the price will decrease in the coming days. Percent R is at 84.71%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Cardlytics Inc subject to short interest?
Stocks of Cardlytics Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 0.33 million shares to 4.48 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 4.15 million shares. A jump of 7.37% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 2.9 of the overall float, the days-to-cover ratio (short ratio) jumped to 2.9.
