In a filing, QuidelOrtho Corporation revealed its 10% Owner Carlyle Group Inc. unloaded Company’s shares for reported $4.38 million on Aug 08 ’24. In the deal valued at $41.07 per share,106,705 shares were sold. As a result of this transaction, Carlyle Group Inc. now holds 8,334,317 shares worth roughly $343.62 million.
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Then, Carlyle Group Inc. sold 78,180 shares, generating $3,122,840 in total proceeds. Upon selling the shares at $39.94, the 10% Owner now owns 8,441,022 shares.
Before that, Carlyle Partners VI Cayman Hol bought 246,775 shares. QuidelOrtho Corporation shares valued at $10,367,018 were divested by the 10% Owner at a price of $42.01 per share.
UBS downgraded its QuidelOrtho Corporation [QDEL] rating to a Sell from a a Neutral in a research note published on March 04, 2024; the price target was decreased to $42 from $70. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid February from “a Neutral” to “an Underweight”. Citigroup also remained covering QDEL and has decreased its forecast on December 11, 2023 with a “Neutral” recommendation from previously “Buy” rating. Citigroup revised its rating on December 12, 2022. It rated QDEL as “a Buy” which previously was an “a Neutral”.
Price Performance Review of QDEL
On Monday, QuidelOrtho Corporation [NASDAQ:QDEL] saw its stock fall -0.94% to $41.23. Over the last five days, the stock has gained 1.55%. QuidelOrtho Corporation shares have fallen nearly -44.06% since the year began. Nevertheless, the stocks have fallen -46.72% over the past one year. While a 52-week high of $84.60 was reached on 01/02/24, a 52-week low of $29.74 was recorded on 07/10/24. SMA at 50 days reached $36.94, while 200 days put it at $51.47.
Levels Of Support And Resistance For QDEL Stock
The 24-hour chart illustrates a support level at 40.81, which if violated will result in even more drops to 40.38. On the upside, there is a resistance level at 41.78. A further resistance level may holdings at 42.32. The Relative Strength Index (RSI) on the 14-day chart is 62.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.27, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.97%. Stochastics%K at 76.23% indicates the stock is a holding.
How much short interest is there in QuidelOrtho Corporation?
A steep rise in short interest was recorded in QuidelOrtho Corporation stocks on
The most recent change occurred on December 07, 2022 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $125 price target.
