Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. QuidelOrtho Corporation shares valued at $99,663 were purchased by Busky Joseph M on Feb 23 ’24. At $46.35 per share, Busky Joseph M acquired 2,150 shares. The insider’s holdings grew to 2,150 shares worth approximately $83226.5 following the completion of this transaction.
As published in a research note from UBS on March 04, 2024, QuidelOrtho Corporation [QDEL] has been rated down from a Neutral to a Sell and the price target has been revised to $42 from $70. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid February. As of December 11, 2023, Citigroup has decreased its “Buy” rating to a “Neutral” for QDEL. Earlier on December 12, 2022, Citigroup upgraded its rating. Their new recommendation was “a Buy” for QDEL stock which previously was a “a Neutral”.
Analyzing QDEL Stock Performance
During the last five days, there has been a drop of approximately -12.00%. Over the course of the year, QuidelOrtho Corporation shares have dropped approximately -47.48%. Shares of the company reached a 52-week high of $75.82 on 01/02/24 and a 52-week low of $38.67 on 04/17/24. A 50-day SMA is recorded $47.99, while a 200-day SMA reached $67.01. Nevertheless, trading volume fell to 0.75 million shares from 0.81 million shares the previous day.
Support And Resistance Levels for QuidelOrtho Corporation (QDEL)
According to the 24-hour chart, there is a support level at 38.14, which, if violated, would cause prices to drop to 37.56. In the upper region, resistance lies at 39.82. The next price resistance is at 40.92. RSI (Relative Strength Index) is 26.75 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.89, which suggests the price will decrease in the coming days. Percent R is at 99.62%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
