Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CryoPort Inc shares valued at $46,154 were sold by SHELTON JERRELL on Mar 25 ’24. At $17.54 per share, SHELTON JERRELL sold 2,631 shares. The insider’s holdings dropped to 692,182 shares worth approximately $9.14 million following the completion of this transaction.
Also, Sawicki Mark W sold 1,367 shares, netting a total of over 23,980 in proceeds. Following the sale of shares at $17.54 each, the insider now holds 77,444 shares.
Before that, STEFANOVICH ROBERT had sold 1,079 shares from its account. In a trade valued at $18,928, the Chief Financial Officer traded CryoPort Inc shares for $17.54 each. Upon closing the transaction, the insider’s holdings decreased to 1,079 shares, worth approximately $1.69 million.
As published in a research note from B. Riley Securities on May 03, 2024, CryoPort Inc [CYRX] has been rated down from a Buy to a Neutral and the price target has been revised to $19 from $22. As of March 13, 2024, Needham has reiterated its “Buy” rating for CYRX. Earlier on August 17, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for CYRX stock.
Analyzing CYRX Stock Performance
During the last five days, there has been a drop of approximately -21.48%. Over the course of the year, CryoPort Inc shares have dropped approximately -14.78%. Shares of the company reached a 52-week high of $20.10 on 04/04/24 and a 52-week low of $12.86 on 05/08/24. A 50-day SMA is recorded $16.84, while a 200-day SMA reached $14.71. Nevertheless, trading volume fell to 1.16 million shares from 0.54 million shares the previous day.
Support And Resistance Levels for CryoPort Inc (CYRX)
According to the 24-hour chart, there is a support level at 12.07, which, if violated, would cause prices to drop to 10.93. In the upper region, resistance lies at 15.13. The next price resistance is at 17.05. RSI (Relative Strength Index) is 29.25 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.90, which suggests the price will decrease in the coming days. Percent R is at 92.53%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
