The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cardiff Oncology Inc shares valued at $41,100 were purchased by PACE GARY W on Dec 19 ’23. At $1.37 per share, PACE GARY W acquired 30,000 shares. The insider’s holdings grew to 697,761 shares worth approximately $4.11 million following the completion of this transaction.
As published in their initiating research note from William Blair on January 05, 2022, Cardiff Oncology Inc [CRDF] has been an Outperform. Analysts at Robert W. Baird started covering the stock with ‘”an Outperform”‘ outlook in a report released in early December. Earlier on October 22, 2020, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for CRDF stock.
Analyzing CRDF Stock Performance
During the last five days, there has been a surge of approximately 10.51%. Over the course of the year, Cardiff Oncology Inc shares have jumped approximately 297.97%. Shares of the company reached a 52-week high of $6.42 on 03/25/24 and a 52-week low of $1.44 on 02/05/24. A 50-day SMA is recorded $3.55, while a 200-day SMA reached $1.99. Nevertheless, trading volume fell to 0.71 million shares from 0.85 million shares the previous day.
Support And Resistance Levels for Cardiff Oncology Inc (CRDF)
According to the 24-hour chart, there is a support level at 5.47, which, if violated, would cause prices to drop to 5.05. In the upper region, resistance lies at 6.15. The next price resistance is at 6.40. RSI (Relative Strength Index) is 64.78 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 32.34%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
Is Cardiff Oncology Inc subject to short interest?
Stocks of Cardiff Oncology Inc saw a sharp rise in short interest on Mar 15, 2024 jumping by 1.62 million shares to 2.81 million. Data from Yahoo Finance shows that the short interest on Feb 15, 2024 was 1.19 million shares. A jump of 57.65% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 0.71 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.71.
