The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cardlytics Inc shares valued at $196,687 were sold by Gupta Amit on Jul 24 ’24. At $8.66 per share, Gupta Amit sold 22,699 shares. The insider’s holdings dropped to 150,569 shares worth approximately $1.26 million following the completion of this transaction.
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Also, Gupta Amit sold 7,507 shares, netting a total of over 59,703 in proceeds. Following the sale of shares at $7.95 each, the insider now holds 129,518 shares.
Before that, DeSieno Alexis had sold 7,451 shares from its account. In a trade valued at $59,258, the Chief Financial Officer traded Cardlytics Inc shares for $7.95 each. Upon closing the transaction, the insider’s holdings decreased to 7,451 shares, worth approximately $57736.259999999995.
Analysts at Northland Capital started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid June. As of March 15, 2024, Craig Hallum has increased its “Hold” rating to a “Buy” for CDLX. Earlier on November 29, 2023, Lake Street initiated its rating. Their recommendation was “a Buy” for CDLX stock.
Analyzing CDLX Stock Performance
During the last five days, there has been a drop of approximately -0.59%. Over the course of the year, Cardlytics Inc shares have dropped approximately -9.12%. Shares of the company reached a 52-week high of $20.52 on 03/25/24 and a 52-week low of $5.76 on 01/26/24. A 50-day SMA is recorded $8.65, while a 200-day SMA reached $9.61. Nevertheless, trading volume fell to 0.54 million shares from 0.51 million shares the previous day.
Support And Resistance Levels for Cardlytics Inc (CDLX)
According to the 24-hour chart, there is a support level at 8.17, which, if violated, would cause prices to drop to 7.97. In the upper region, resistance lies at 8.65. The next price resistance is at 8.93. RSI (Relative Strength Index) is 46.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.18, which suggests the price will decrease in the coming days. Percent R is at 70.70%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.
