The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cardlytics Inc shares valued at $33,662 were purchased by SOSIN CLIFFORD on May 13 ’24. At $8.99 per share, SOSIN CLIFFORD acquired 3,746 shares. The insider’s holdings grew to 6,464,859 shares worth approximately $56.76 million following the completion of this transaction.
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Also, SOSIN CLIFFORD purchased 100,000 shares, netting a total of over 878,540 in proceeds. Following the buying of shares at $8.79 each, the insider now holds 6,461,113 shares.
Before that, SOSIN CLIFFORD had added 225,000 shares to its account. In a trade valued at $1,963,687, the 10% Owner bought Cardlytics Inc shares for $8.73 each. Upon closing the transaction, the insider’s holdings increased to 225,000 shares, worth approximately $55.85 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 drop of approximately -6.40%. Over the course of the year, Cardlytics Inc shares have dropped approximately -4.67%. 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 $12.62, while a 200-day SMA reached $10.99. Nevertheless, trading volume fell to 0.57 million shares from 0.8 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 8.66, which, if violated, would cause prices to drop to 8.54. In the upper region, resistance lies at 8.99. The next price resistance is at 9.20. RSI (Relative Strength Index) is 36.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.89, which suggests the price will decrease in the coming days. Percent R is at 87.02%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
