Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cardlytics Inc shares valued at $278,885 were sold by Gupta Amit on Apr 24 ’24. At $11.91 per share, Gupta Amit sold 23,416 shares. The insider’s holdings dropped to 122,676 shares worth approximately $1.59 million following the completion of this transaction.
Also, Lynton Nicholas Hollmeyer sold 276 shares, netting a total of over 3,521 in proceeds. Following the sale of shares at $12.76 each, the insider now holds 71,761 shares.
Before that, Temsamani Karim Saad had sold 32,564 shares from its account. In a trade valued at $445,801, the Chief Executive Officer traded Cardlytics Inc shares for $13.69 each. Upon closing the transaction, the insider’s holdings decreased to 32,564 shares, worth approximately $4.48 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 12.76%. Over the course of the year, Cardlytics Inc shares have jumped approximately 41.04%. 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 $11.62, while a 200-day SMA reached $10.99. Nevertheless, trading volume fell to 0.74 million shares from 0.7 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 12.36, which, if violated, would cause prices to drop to 11.73. In the upper region, resistance lies at 13.61. The next price resistance is at 14.23. RSI (Relative Strength Index) is 52.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 40.00%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
