Radnet Inc’s recently made public that its EVP, Chief Admin Officer Patel Mital unloaded Company’s shares for reported $1.76 million on Jun 18 ’24. In the deal valued at $59.00 per share,29,800 shares were sold. As a result of this transaction, Patel Mital now holds 202,146 shares worth roughly $12.03 million.
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Then, SPURLOCK GREGORY E. sold 7,167 shares, generating $428,228 in total proceeds. Upon selling the shares at $59.75, the Director now owns 2,591 shares.
Before that, Patel Mital sold 10,200 shares. Radnet Inc shares valued at $612,000 were divested by the EVP, Chief Admin Officer at a price of $60.00 per share. As a result of the transaction, Patel Mital now holds 231,946 shares, worth roughly $13.81 million.
Barclays initiated its Radnet Inc [RDNT] rating to an Equal weight in a research note published on March 06, 2024; the price target was $48. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. CJS Securities began covering RDNT with “Market outperform” recommendation on March 31, 2023. Raymond James revised its rating on March 03, 2023. It rated RDNT as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of RDNT
On Tuesday, Radnet Inc [NASDAQ:RDNT] saw its stock jump 1.67% to $59.53. Over the last five days, the stock has gained 3.21%. Radnet Inc shares have risen nearly 71.21% since the year began. Nevertheless, the stocks have risen 82.50% over the past one year. While a 52-week high of $64.06 was reached on 06/12/24, a 52-week low of $25.11 was recorded on 01/03/24. SMA at 50 days reached $56.30, while 200 days put it at $41.47. A total of 0.39 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For RDNT Stock
The 24-hour chart illustrates a support level at 58.69, which if violated will result in even more drops to 57.85. On the upside, there is a resistance level at 60.23. A further resistance level may holdings at 60.92. The Relative Strength Index (RSI) on the 14-day chart is 57.59, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.31, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.98%. Stochastics%K at 38.59% indicates the stock is a holding.
The most recent change occurred on August 12, 2021 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $39 price target.
