Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. CryoPort Inc shares valued at $36,253 were purchased by RAMKUMAR MANDALAM on Aug 02 ’24. At $8.70 per share, RAMKUMAR MANDALAM acquired 4,167 shares.
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, Mandalam Ramkumar sold 4,167 shares, netting a total of over 33,520 in proceeds. Following the sale of shares at $8.04 each, the insider now holds 56,032 shares.
Before that, BERMAN RICHARD J had sold 8,105 shares from its account. In a trade valued at $108,693, the Director traded CryoPort Inc shares for $13.41 each. Upon closing the transaction, the insider’s holdings decreased to 8,105 shares, worth approximately $0.82 million.
As published in a research note from Jefferies on August 07, 2024, CryoPort Inc [CYRX] has been rated down from a Buy to a Hold and the price target has been revised to $8 from $20. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of May 03, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for CYRX.
Analyzing CYRX Stock Performance
During the last five days, there has been a drop of approximately -6.21%. Over the course of the year, CryoPort Inc shares have dropped approximately -47.32%. Shares of the company reached a 52-week high of $20.10 on 04/04/24 and a 52-week low of $5.32 on 07/09/24. A 50-day SMA is recorded $8.61, while a 200-day SMA reached $13.37. Nevertheless, trading volume fell to 1.52 million shares from 2.53 million shares the previous day.
Support And Resistance Levels for CryoPort Inc (CYRX)
According to the 24-hour chart, there is a support level at 7.60, which, if violated, would cause prices to drop to 7.04. In the upper region, resistance lies at 8.48. The next price resistance is at 8.80. RSI (Relative Strength Index) is 47.62 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.69, which suggests the price will decrease in the coming days. Percent R is at 48.14%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
