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Radnet Inc (RDNT) receives an Equal weight rating from Barclays

Radnet Inc’s recently made public that its EVP & Chief Development Offcr Murdock Michael N unloaded Company’s shares for reported $0.35 million on Dec 05 ’23. In the deal valued at $35.02 per share,10,115 shares were sold. As a result of this transaction, Murdock Michael N now holds 68,432 shares worth roughly $3.32 million.

Then, Gordon Christine Nayoma sold 3,000 shares, generating $97,200 in total proceeds. Upon selling the shares at $32.40, the Director now owns 10,385 shares.

Before that, HAMES NORMAN R sold 10,000 shares. Radnet Inc shares valued at $311,200 were divested by the Pres and COO-West Operations at a price of $31.12 per share. As a result of the transaction, HAMES NORMAN R now holds 278,485 shares, worth roughly $13.51 million.

Barclays initiated its Radnet Inc [RDNT] rating to an Equal weight in a research note published on March 06, 2024; the price target was $48. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. CJS Securities began covering RDNT with “Market outperform” recommendation on March 31, 2023. Raymond James revised its rating on March 03, 2023. It rated RDNT as “an Outperform” which previously was an “a Mkt perform”.

Price Performance Review of RDNT

On Tuesday, Radnet Inc [NASDAQ:RDNT] saw its stock fall -1.02% to $48.50. Over the last five days, the stock has lost -0.68%. Radnet Inc shares have risen nearly 39.49% since the year began. Nevertheless, the stocks have risen 75.34% over the past one year. While a 52-week high of $49.94 was reached on 04/08/24, a 52-week low of $25.11 was recorded on 01/03/24. SMA at 50 days reached $46.04, while 200 days put it at $35.95. A total of 0.36 million shares were traded, compared to the trading of 0.32 million shares in the previous session.

Levels Of Support And Resistance For RDNT Stock

The 24-hour chart illustrates a support level at 48.03, which if violated will result in even more drops to 47.55. On the upside, there is a resistance level at 49.05. A further resistance level may holdings at 49.59. The Relative Strength Index (RSI) on the 14-day chart is 55.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.78%. Stochastics %K at 67.35% indicates the stock is a holding.

The most recent change occurred on August 12, 2021 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $39 price target.

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