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Arcadia Biosciences Inc (RKDA) receives a Buy rating from H.C. Wainwright

Arcadia Biosciences Inc’s recently made public that its Chief Financial Officer Schaefer Thomas J. acquired Company’s shares for reported $1442.0 on Feb 01 ’24. In the deal valued at $2.06 per share,700 shares were bought. As a result of this transaction, Schaefer Thomas J. now holds 1,419 shares worth roughly $3802.92.

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Then, Schaefer Thomas J. bought 649 shares, generating $2,382 in total proceeds. Upon buying the shares at $3.67, the Chief Financial Officer now owns 719 shares.

Before that, Jacot Stanley Jr bought 5,000 shares. Arcadia Biosciences Inc shares valued at $21,550 were divested by the Chief Executive Officer at a price of $4.31 per share. As a result of the transaction, Jacot Stanley Jr now holds 5,000 shares, worth roughly $13400.0.

H.C. Wainwright reiterated its Arcadia Biosciences Inc [RKDA] rating to a Buy in a research note published on August 17, 2020; the price target was $12. A number of analysts have revised their coverage, including Piper Jaffray’s analysts, who decreased its forecast for the stock in mid May from “an Overweight” to “a Neutral”. Piper Jaffray began covering RKDA with “an Overweight” recommendation on June 09, 2015. Credit Suisse started covering the stock on June 09, 2015. It rated RKDA as “an Outperform”.

Price Performance Review of RKDA

On Tuesday, Arcadia Biosciences Inc [NASDAQ:RKDA] saw its stock jump 31.46% to $2.68. Over the last five days, the stock has gained 33.33%. Arcadia Biosciences Inc shares have fallen nearly -14.38% since the year began. Nevertheless, the stocks have fallen -47.96% over the past one year. While a 52-week high of $5.60 was reached on 01/02/24, a 52-week low of $1.85 was recorded on 04/15/24. SMA at 50 days reached $2.18, while 200 days put it at $2.96. A total of 0.36 million shares were traded, compared to the trading of 2500.0 shares in the previous session.

Levels Of Support And Resistance For RKDA Stock

The 24-hour chart illustrates a support level at 2.19, which if violated will result in even more drops to 1.70. On the upside, there is a resistance level at 3.03. A further resistance level may holdings at 3.38. The Relative Strength Index (RSI) on the 14-day chart is 72.84, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.21%. Stochastics %K at 54.70% indicates the stock is a holding.

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