Cardlytics Inc’s filing revealed that its Chief Operating Officer Gupta Amit unloaded Company’s shares for reported $0.28 million on Apr 24 ’24. In the deal valued at $11.91 per share,23,416 shares were sold. As a result of this transaction, Gupta Amit now holds 122,676 shares worth roughly $1.83 million.
Then, Lynton Nicholas Hollmeyer sold 276 shares, generating $3,521 in total proceeds. Upon selling the shares at $12.76, the Chief Legal & Privacy Officer now owns 71,761 shares.
Before that, Temsamani Karim Saad sold 32,564 shares. Cardlytics Inc shares valued at $445,801 were divested by the Chief Executive Officer at a price of $13.69 per share. As a result of the transaction, Temsamani Karim Saad now holds 344,734 shares, worth roughly $5.13 million.
Craig Hallum upgraded its Cardlytics Inc [CDLX] rating to a Buy from a a Hold in a research note published on March 15, 2024; the price target was increased to $18 from $10. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late November with a ‘”a Buy”‘ rating. Wells Fargo also remained covering CDLX and has decreased its forecast on September 08, 2022 with a “an Underweight” recommendation from previously “an Equal weight” rating. Wells Fargo revised its rating on July 14, 2022. It rated CDLX as “an Equal weight” which previously was an “an Overweight”.
Price Performance Review of CDLX
On Friday, Cardlytics Inc [NASDAQ:CDLX] saw its stock jump 6.51% to $14.88. Over the last five days, the stock has gained 20.88%. Cardlytics Inc shares have risen nearly 61.56% since the year began. Nevertheless, the stocks have risen 82.58% over the past one year. While a 52-week high of $20.52 was reached on 03/25/24, a 52-week low of $4.94 was recorded on 01/26/24. SMA at 50 days reached $11.92, while 200 days put it at $11.03. A total of 1.06 million shares were traded, compared to the trading of 0.98 million shares in the previous session.
Levels Of Support And Resistance For CDLX Stock
The 24-hour chart illustrates a support level at 14.25, which if violated will result in even more drops to 13.62. On the upside, there is a resistance level at 15.36. A further resistance level may holdings at 15.84. The Relative Strength Index (RSI) on the 14-day chart is 61.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.09%. Stochastics %K at 79.68% indicates the stock is a holding.
