In a filing, Cadence Design Systems, Inc. revealed its Director SANGIOVANNI VINCENTELLI ALBERT unloaded Company’s shares for reported $0.46 million on Jun 14 ’24. In the deal valued at $309.09 per share,1,500 shares were sold. As a result of this transaction, SANGIOVANNI VINCENTELLI ALBERT now holds 48,051 shares worth roughly $15.3 million.
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
Then, Cunningham Paul sold 650 shares, generating $191,750 in total proceeds. Upon selling the shares at $295.00, the Sr. Vice President now owns 66,494 shares.
Before that, TENG CHIN-CHI sold 32,184 shares. Cadence Design Systems, Inc. shares valued at $9,573,183 were divested by the Sr. Vice President at a price of $297.45 per share. As a result of the transaction, TENG CHIN-CHI now holds 95,408 shares, worth roughly $30.38 million.
Piper Sandler initiated its Cadence Design Systems, Inc. [CDNS] rating to a Neutral in a research note published on April 04, 2024; the price target was $334. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who increased its forecast for the stock in mid February from “an Equal-weight” to “an Overweight”. Rosenblatt also remained covering CDNS and has decreased its forecast on February 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Morgan Stanley started covering the stock on November 10, 2023. It rated CDNS as “an Equal-weight”.
Price Performance Review of CDNS
On Friday, Cadence Design Systems, Inc. [NASDAQ:CDNS] saw its stock fall -0.04% to $318.39. Over the last five days, the stock has gained 3.53%. Cadence Design Systems, Inc. shares have risen nearly 16.90% since the year began. Nevertheless, the stocks have risen 39.64% over the past one year. While a 52-week high of $328.99 was reached on 06/20/24, a 52-week low of $217.77 was recorded on 01/05/24. SMA at 50 days reached $292.73, while 200 days put it at $278.17. A total of 2.7 million shares were traded, compared to the trading of 1.72 million shares in the previous session.
Levels Of Support And Resistance For CDNS Stock
The 24-hour chart illustrates a support level at 314.90, which if violated will result in even more drops to 311.40. On the upside, there is a resistance level at 320.71. A further resistance level may holdings at 323.02. The Relative Strength Index (RSI) on the 14-day chart is 65.44, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 15.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 22.21%. Stochastics %K at 85.20% indicates the stock is a selling.
