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CVRX stock rated a Buy by Lake Street

NUE

CVRx Inc’s recent filing unveils that its Director SLATTERY JOSEPH P acquired Company’s shares for reported $24716.0 on Aug 08 ’24. In the deal valued at $8.24 per share,3,000 shares were bought. As a result of this transaction, SLATTERY JOSEPH P now holds 27,645 shares worth roughly $0.24 million.

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Then, SLATTERY JOSEPH P bought 2,500 shares, generating $22,725 in total proceeds. Upon buying the shares at $9.09, the Director now owns 24,645 shares.

Before that, Hykes Kevin bought 30,000 shares. CVRx Inc shares valued at $250,767 were divested by the PRES & CEO at a price of $8.36 per share. As a result of the transaction, Hykes Kevin now holds 30,000 shares, worth roughly $0.26 million.

Lake Street reiterated its CVRx Inc [CVRX] rating to a Buy in a research note published on July 11, 2024; the price target was $12. William Blair also remained covering CVRX and has decreased its forecast on May 01, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. JP Morgan revised its rating on May 01, 2024. It rated CVRX as “a Neutral” which previously was an “an Overweight”.

Price Performance Review of CVRX

On Tuesday, CVRx Inc [NASDAQ:CVRX] saw its stock jump 1.79% to $8.55. Over the last five days, the stock has lost -5.52%. CVRx Inc shares have fallen nearly -72.81% since the year began. Nevertheless, the stocks have fallen -51.28% over the past one year. While a 52-week high of $33.13 was reached on 01/02/24, a 52-week low of $6.40 was recorded on 06/04/24. SMA at 50 days reached $9.71, while 200 days put it at $17.01.

Levels Of Support And Resistance For CVRX Stock

The 24-hour chart illustrates a support level at 8.20, which if violated will result in even more drops to 7.84. On the upside, there is a resistance level at 8.92. A further resistance level may holdings at 9.28. The Relative Strength Index (RSI) on the 14-day chart is 44.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.69%. Stochastics%K at 42.36% indicates the stock is a holding.

How much short interest is there in CVRx Inc?

A steep rise in short interest was recorded in CVRx Inc stocks on , growing by 0.15 million shares to a total of 2.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.06 million shares. There was a rise of 6.97%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 31, 2023 when Lake Street began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.

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