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Potential Price Increase for CryoPort Inc (CYRX) After Recent Insider Activity

CryoPort Inc’s recently made public that its Director RAMKUMAR MANDALAM acquired Company’s shares for reported $36253.0 on Aug 02 ’24. In the deal valued at $8.70 per share,4,167 shares were bought.

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Then, Mandalam Ramkumar sold 4,167 shares, generating $33,520 in total proceeds. Upon selling the shares at $8.04, the Director now owns 56,032 shares.

Before that, BERMAN RICHARD J sold 8,105 shares. CryoPort Inc shares valued at $108,693 were divested by the Director at a price of $13.41 per share. As a result of the transaction, BERMAN RICHARD J now holds 100,000 shares, worth roughly $0.78 million.

Jefferies downgraded its CryoPort Inc [CYRX] rating to a Hold from a a Buy in a research note published on August 07, 2024; the price target was decreased to $8 from $20. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who increased its forecast for the stock in late July from “a Neutral” to “a Buy”. B. Riley Securities also remained covering CYRX and has decreased its forecast on May 03, 2024 with a “Neutral” recommendation from previously “Buy” rating.

Price Performance Review of CYRX

On Monday, CryoPort Inc [NASDAQ:CYRX] saw its stock fall -4.86% to $7.83. Over the last five days, the stock has gained 4.68%. CryoPort Inc shares have fallen nearly -49.45% since the year began. Nevertheless, the stocks have fallen -41.61% over the past one year. While a 52-week high of $20.10 was reached on 04/04/24, a 52-week low of $5.32 was recorded on 07/09/24. SMA at 50 days reached $8.51, while 200 days put it at $13.34.

Levels Of Support And Resistance For CYRX Stock

The 24-hour chart illustrates a support level at 7.62, which if violated will result in even more drops to 7.40. On the upside, there is a resistance level at 8.19. A further resistance level may holdings at 8.54. The Relative Strength Index (RSI) on the 14-day chart is 44.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.34, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.66%. Stochastics%K at 50.05% indicates the stock is a holding.

How much short interest is there in CryoPort Inc?

A steep rise in short interest was recorded in CryoPort Inc stocks on , growing by 0.18 million shares to a total of 3.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 3.18 million shares. There was a rise of 5.42%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on March 13, 2024 when Needham resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $18.

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