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 $373,281 were sold by Temsamani Karim Saad on Jun 04 ’24. At $8.65 per share, Temsamani Karim Saad sold 43,129 shares. The insider’s holdings dropped to 385,530 shares worth approximately $3.16 million following the completion of this transaction.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, SOSIN CLIFFORD purchased 3,746 shares, netting a total of over 33,662 in proceeds. Following the buying of shares at $8.99 each, the insider now holds 6,464,859 shares.
Before that, SOSIN CLIFFORD had added 100,000 shares to its account. In a trade valued at $878,540, the 10% Owner bought Cardlytics Inc shares for $8.79 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $52.98 million.
As published in their initiating research note from Northland Capital on June 18, 2024, Cardlytics Inc [CDLX] has been an Outperform and the price target has been revised to $14. Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid March. As of November 29, 2023, Lake Street has initiated its “Buy” rating for CDLX. Earlier on September 08, 2022, Wells Fargo downgraded its rating. Their new recommendation was “an Underweight” for CDLX stock which previously was a “an Equal weight”.
Analyzing CDLX Stock Performance
During the last five days, there has been a drop of approximately -11.01%. Over the course of the year, Cardlytics Inc shares have dropped approximately -10.91%. 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 $10.84, while a 200-day SMA reached $10.56. Nevertheless, trading volume fell to 0.54 million shares from 0.7 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 8.00, which, if violated, would cause prices to drop to 7.80. In the upper region, resistance lies at 8.54. The next price resistance is at 8.88. RSI (Relative Strength Index) is 38.06 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.56, which suggests the price will decrease in the coming days. Percent R is at 93.75%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
