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Investing in Conduent Inc (CNDT): What You Must Know

CHWY Stock

Conduent Inc’s filing revealed that its 10% Owner ICAHN CARL C unloaded Company’s shares for reported $132.38 million on Jun 08 ’24. In the deal valued at $3.47 per share,38,149,336 shares were sold. As a result of this transaction, ICAHN CARL C now holds 0 shares worth roughly $0.0.

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Noble Capital Markets initiated its Conduent Inc [CNDT] rating to an Outperform in a research note published on March 14, 2024; the price target was $9. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. JP Morgan also remained covering CNDT and has decreased its forecast on April 14, 2020 with a “Neutral” recommendation from previously “an Overweight” rating. Needham maintained its rating on February 21, 2020. It rated CNDT as “a Buy”.

Price Performance Review of CNDT

On Friday, Conduent Inc [NASDAQ:CNDT] saw its stock fall -2.10% to $3.26. Over the last five days, the stock has lost -2.98%. Conduent Inc shares have fallen nearly -10.68% since the year began. Nevertheless, the stocks have fallen -2.98% over the past one year. While a 52-week high of $4.08 was reached on 05/03/24, a 52-week low of $2.40 was recorded on 04/26/24. SMA at 50 days reached $3.46, while 200 days put it at $3.35. A total of 0.72 million shares were traded, compared to the trading of 0.45 million shares in the previous session.

Levels Of Support And Resistance For CNDT Stock

The 24-hour chart illustrates a support level at 3.22, which if violated will result in even more drops to 3.17. On the upside, there is a resistance level at 3.31. A further resistance level may holdings at 3.36. The Relative Strength Index (RSI) on the 14-day chart is 46.51, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 33.72%. Stochastics%K at 77.13% indicates the stock is a holding.

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