Cerence Inc’s recently made public that its Director BEAUDOIN THOMAS L unloaded Company’s shares for reported $76744.0 on Apr 01 ’24. In the deal valued at $15.35 per share,5,000 shares were sold. As a result of this transaction, BEAUDOIN THOMAS L now holds 252,921 shares worth roughly $3.64 million.
Then, Ortmanns Stefan sold 15,389 shares, generating $228,043 in total proceeds. Upon selling the shares at $14.82, the Chief Executive Officer now owns 537,150 shares.
Before that, BEAUDOIN THOMAS L sold 5,000 shares. Cerence Inc shares valued at $74,926 were divested by the Director at a price of $14.99 per share. As a result of the transaction, BEAUDOIN THOMAS L now holds 257,921 shares, worth roughly $3.71 million.
Craig Hallum downgraded its Cerence Inc [CRNC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early February from “a Hold” to “a Buy”. Raymond James also remained covering CRNC and has decreased its forecast on August 10, 2022 with a “Mkt perform” recommendation from previously “an Outperform” rating. Craig Hallum revised its rating on August 10, 2022. It rated CRNC as “a Hold” which previously was an “a Buy”.
Price Performance Review of CRNC
On Tuesday, Cerence Inc [NASDAQ:CRNC] saw its stock jump 2.35% to $14.40. Over the last five days, the stock has lost -3.42%. Cerence Inc shares have fallen nearly -26.75% since the year began. Nevertheless, the stocks have fallen -46.25% over the past one year. While a 52-week high of $36.79 was reached on 02/06/24, a 52-week low of $13.83 was recorded on 03/06/24. SMA at 50 days reached $15.64, while 200 days put it at $19.92. A total of 0.22 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 14.15, which if violated will result in even more drops to 13.89. On the upside, there is a resistance level at 14.56. A further resistance level may holdings at 14.71. The Relative Strength Index (RSI) on the 14-day chart is 43.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.53, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.56%. Stochastics %K at 12.89% indicates the stock is a buying.
How much short interest is there in Cerence Inc?
A steep rise in short interest was recorded in Cerence Inc stocks on Mar 15, 2024, growing by 0.84 million shares to a total of 5.68 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 4.84 million shares. There was a rise of 14.79%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 19.29% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.32.
