Cerence Inc’s recently made public that its Director BEAUDOIN THOMAS L unloaded Company’s shares for reported $17350.0 on Jun 03 ’24. In the deal valued at $3.47 per share,5,000 shares were sold. As a result of this transaction, BEAUDOIN THOMAS L now holds 237,457 shares worth roughly $0.71 million.
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Then, Ortmanns Stefan sold 5,249 shares, generating $20,314 in total proceeds. Upon selling the shares at $3.87, the Chief Executive Officer now owns 521,139 shares.
Before that, BEAUDOIN THOMAS L sold 5,464 shares. Cerence Inc shares valued at $52,946 were divested by the Director at a price of $9.69 per share. As a result of the transaction, BEAUDOIN THOMAS L now holds 242,457 shares, worth roughly $0.72 million.
Wells Fargo downgraded its Cerence Inc [CRNC] rating to an Equal weight from a an Overweight in a research note published on May 10, 2024; the price target was decreased to $6.50 from $25. Craig Hallum also remained covering CRNC and has decreased its forecast on February 07, 2024 with a “Hold” recommendation from previously “Buy” rating. Craig Hallum revised its rating on February 09, 2023. It rated CRNC as “a Buy” which previously was an “a Hold”.
Price Performance Review of CRNC
On Friday, Cerence Inc [NASDAQ:CRNC] saw its stock fall -0.67% to $2.98. Over the last five days, the stock has lost -1.97%. Cerence Inc shares have fallen nearly -84.84% since the year began. Nevertheless, the stocks have fallen -90.73% over the past one year. While a 52-week high of $36.79 was reached on 02/06/24, a 52-week low of $2.74 was recorded on 06/10/24. SMA at 50 days reached $7.27, while 200 days put it at $15.22. A total of 1.17 million shares were traded, compared to the trading of 1.47 million shares in the previous session.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 2.89, which if violated will result in even more drops to 2.81. On the upside, there is a resistance level at 3.07. A further resistance level may holdings at 3.17. The Relative Strength Index (RSI) on the 14-day chart is 24.48, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.73%. Stochastics %K at 21.85% indicates the stock is a holding.
