In a filing, Cerence Inc revealed its Director BEAUDOIN THOMAS L unloaded Company’s shares for reported $45146.0 on May 01 ’24. In the deal valued at $9.03 per share,5,000 shares were sold. As a result of this transaction, BEAUDOIN THOMAS L now holds 247,921 shares worth roughly $2.52 million.
Then, Ortmanns Stefan sold 10,762 shares, generating $108,045 in total proceeds. Upon selling the shares at $10.04, the Chief Executive Officer now owns 526,388 shares.
Before that, BEAUDOIN THOMAS L sold 5,000 shares. Cerence Inc shares valued at $76,744 were divested by the Director at a price of $15.35 per share. As a result of the transaction, BEAUDOIN THOMAS L now holds 252,921 shares, worth roughly $2.57 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 Friday, Cerence Inc [NASDAQ:CRNC] saw its stock jump 4.21% to $10.15. Over the last five days, the stock has gained 4.53%. Cerence Inc shares have fallen nearly -48.37% since the year began. Nevertheless, the stocks have fallen -60.12% over the past one year. While a 52-week high of $36.79 was reached on 02/06/24, a 52-week low of $8.91 was recorded on 05/01/24. SMA at 50 days reached $13.21, while 200 days put it at $18.32. A total of 0.63 million shares were traded, compared to the trading of 0.47 million shares in the previous session.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 9.90, which if violated will result in even more drops to 9.64. On the upside, there is a resistance level at 10.31. A further resistance level may holdings at 10.46. The Relative Strength Index (RSI) on the 14-day chart is 37.56, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.34%. Stochastics %K at 22.55% indicates the stock is a holding.
