In a filing, Radnet Inc revealed its EVP, Mergers and Acquisitions Murdock Michael N unloaded Company’s shares for reported $0.94 million on Aug 21 ’24. In the deal valued at $62.78 per share,15,000 shares were sold. As a result of this transaction, Murdock Michael N now holds 48,144 shares worth roughly $2.99 million.
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Then, Murdock Michael N bought 15,000 shares, generating $937,500 in total proceeds.
Before that, Patel Mital sold 29,800 shares. Radnet Inc shares valued at $1,758,200 were divested by the EVP, Chief Admin Officer at a price of $59.00 per share. As a result of the transaction, Patel Mital now holds 202,146 shares, worth roughly $12.56 million.
Barclays initiated its Radnet Inc [RDNT] rating to an Equal weight in a research note published on March 06, 2024; the price target was $48. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. CJS Securities began covering RDNT with “Market outperform” recommendation on March 31, 2023. Raymond James revised its rating on March 03, 2023. It rated RDNT as “an Outperform” which previously was an “a Mkt perform”.
Price Performance Review of RDNT
On Tuesday, Radnet Inc [NASDAQ:RDNT] saw its stock fall -6.26% to $62.14. Over the last five days, the stock has lost -4.62%. Radnet Inc shares have risen nearly 78.72% since the year began. Nevertheless, the stocks have risen 85.99% over the past one year. While a 52-week high of $66.57 was reached on 08/29/24, a 52-week low of $25.11 was recorded on 01/03/24. SMA at 50 days reached $61.23, while 200 days put it at $48.60.
Levels Of Support And Resistance For RDNT Stock
The 24-hour chart illustrates a support level at 60.44, which if violated will result in even more drops to 58.75. On the upside, there is a resistance level at 64.94. A further resistance level may holdings at 67.75. The Relative Strength Index (RSI) on the 14-day chart is 48.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.30, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.58%. Stochastics %K at 68.62% indicates the stock is a holding.
How much short interest is there in Radnet Inc?
A steep rise in short interest was recorded in Radnet Inc stocks on 2024-08-15, dropping by 33184.0 shares to a total of 3.04 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.08 million shares. There was a decline of -1.09%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 12, 2021 when Barclays began covering the stock and recommended ‘”an Overweight”‘ rating along with a $39 price target.
