Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. QuidelOrtho Corporation shares valued at $2,704,541 were sold by Carlyle Group Inc. on Jun 26 ’24. At $33.19 per share, Carlyle Group Inc. sold 81,482 shares. The insider’s holdings dropped to 11,617,068 shares worth approximately $389.52 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, Carlyle Group Inc. sold 67,472 shares, netting a total of over 2,227,342 in proceeds. Following the sale of shares at $33.01 each, the insider now holds 11,698,550 shares.
Before that, Carlyle Group Inc. had sold 73,713 shares from its account. In a trade valued at $2,531,371, the 10% Owner traded QuidelOrtho Corporation shares for $34.34 each. Upon closing the transaction, the insider’s holdings decreased to 73,713 shares, worth approximately $394.51 million.
As published in a research note from UBS on March 04, 2024, QuidelOrtho Corporation [QDEL] has been rated down from a Neutral to a Sell and the price target has been revised to $42 from $70. Analysts at JP Morgan downgraded the stock from ‘”a Neutral”‘ to ‘”an Underweight”‘ outlook in a report released in mid February. As of December 11, 2023, Citigroup has decreased its “Buy” rating to a “Neutral” for QDEL. Earlier on December 12, 2022, Citigroup upgraded its rating. Their new recommendation was “a Buy” for QDEL stock which previously was a “a Neutral”.
Analyzing QDEL Stock Performance
During the last five days, there has been a drop of approximately -3.76%. Over the course of the year, QuidelOrtho Corporation shares have dropped approximately -54.50%. Shares of the company reached a 52-week high of $75.82 on 01/02/24 and a 52-week low of $32.47 on 06/26/24. A 50-day SMA is recorded $40.56, while a 200-day SMA reached $56.95. Nevertheless, trading volume fell to 0.64 million shares from 1.0 million shares the previous day.
Support And Resistance Levels for QuidelOrtho Corporation (QDEL)
According to the 24-hour chart, there is a support level at 33.08, which, if violated, would cause prices to drop to 32.64. In the upper region, resistance lies at 33.90. The next price resistance is at 34.28. RSI (Relative Strength Index) is 26.99 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -3.22, which suggests the price will decrease in the coming days. Percent R is at 89.36%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
