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CRTO stock rated an Outperform by BMO Capital Markets

Criteo S.A ADR’s recently made public that its Chief Legal Officer Damon Ryan unloaded Company’s shares for reported $0.83 million on May 29 ’24. In the deal valued at $39.42 per share,21,000 shares were sold. As a result of this transaction, Damon Ryan now holds 131,521 shares worth roughly $5.26 million.

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Then, Clarken Megan sold 5,490 shares, generating $213,781 in total proceeds. Upon selling the shares at $38.94, the Chief Executive Officer now owns 527,712 shares.

Before that, Damon Ryan sold 1,102 shares. Criteo S.A ADR shares valued at $42,912 were divested by the Chief Legal Officer at a price of $38.94 per share. As a result of the transaction, Damon Ryan now holds 152,521 shares, worth roughly $6.1 million.

BMO Capital Markets upgraded its Criteo S.A ADR [CRTO] rating to an Outperform from a a Market perform in a research note published on May 24, 2024; the price target was increased to $45 from $31. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who increased its forecast for the stock in early February from “an Equal weight” to “an Overweight”. BMO Capital Markets began covering CRTO with “Market perform” recommendation on January 09, 2024. KeyBanc Capital Markets started covering the stock on October 24, 2023. It rated CRTO as “an Overweight”.

Price Performance Review of CRTO

On Friday, Criteo S.A ADR [NASDAQ:CRTO] saw its stock jump 2.59% to $40.00. Over the last five days, the stock has gained 8.46%. Criteo S.A ADR shares have risen nearly 57.98% since the year began. Nevertheless, the stocks have risen 18.91% over the past one year. While a 52-week high of $39.97 was reached on 07/05/24, a 52-week low of $22.10 was recorded on 01/09/24. SMA at 50 days reached $37.35, while 200 days put it at $30.91. A total of 1.0 million shares were traded, compared to the trading of 0.47 million shares in the previous session.

Levels Of Support And Resistance For CRTO Stock

The 24-hour chart illustrates a support level at 39.03, which if violated will result in even more drops to 38.06. On the upside, there is a resistance level at 40.55. A further resistance level may holdings at 41.09. The Relative Strength Index (RSI) on the 14-day chart is 70.44, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.13, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 2.33%. Stochastics%K at 97.99% indicates the stock is a selling.

The most recent change occurred on June 27, 2023 when Wells Fargo began covering the stock and recommended ‘”an Equal weight”‘ rating along with a $37 price target.

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