Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CryoPort Inc shares valued at $108,693 were sold by BERMAN RICHARD J on May 15 ’24. At $13.41 per share, BERMAN RICHARD J sold 8,105 shares. The insider’s holdings dropped to 100,000 shares worth approximately $0.69 million following the completion of this transaction.
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Also, ZECCHINI EDWARD J sold 3,443 shares, netting a total of over 46,042 in proceeds. Following the sale of shares at $13.37 each, the insider now holds 60,051 shares.
Before that, SHELTON JERRELL had sold 2,631 shares from its account. In a trade valued at $46,154, the Chief Executive Officer traded CryoPort Inc shares for $17.54 each. Upon closing the transaction, the insider’s holdings decreased to 2,631 shares, worth approximately $4.74 million.
As published in a research note from B. Riley Securities on May 03, 2024, CryoPort Inc [CYRX] has been rated down from a Buy to a Neutral and the price target has been revised to $19 from $22. As of March 13, 2024, Needham has reiterated its “Buy” rating for CYRX. Earlier on August 17, 2023, Morgan Stanley initiated its rating. Their recommendation was “an Equal-weight” for CYRX stock.
Analyzing CYRX Stock Performance
During the last five days, there has been a drop of approximately -26.66%. Over the course of the year, CryoPort Inc shares have dropped approximately -55.78%. Shares of the company reached a 52-week high of $20.10 on 04/04/24 and a 52-week low of $6.72 on 06/26/24. A 50-day SMA is recorded $12.50, while a 200-day SMA reached $14.13. Nevertheless, trading volume fell to 1.3 million shares from 1.41 million shares the previous day.
Support And Resistance Levels for CryoPort Inc (CYRX)
According to the 24-hour chart, there is a support level at 6.69, which, if violated, would cause prices to drop to 6.54. In the upper region, resistance lies at 7.15. The next price resistance is at 7.46. RSI (Relative Strength Index) is 19.25 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.31, which suggests the price will decrease in the coming days. Percent R is at 97.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
