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Jefferies analysts downgrades a Hold rating for CryoPort Inc (CYRX)

CryoPort Inc’s recently made public that its Director Hariri Robert J unloaded Company’s shares for reported $9465.0 on Aug 19 ’24. In the deal valued at $9.46 per share,1,000 shares were sold. As a result of this transaction, Hariri Robert J now holds 23,061 shares worth roughly $ 0.18 million.

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Then, Hariri Robert J sold 1,000 shares, generating $9,000 in total proceeds. Upon selling the shares at $9.00, the Director now owns 23,561 shares.

Before that, Hariri Robert J sold 1,000 shares. CryoPort Inc shares valued at $8,395 were divested by the Director at a price of $8.40 per share. As a result of the transaction, Hariri Robert J now holds 24,561 shares, worth roughly $0.19 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 -5.75% to $7.70. Over the last five days, the stock has lost -17.38%. CryoPort Inc shares have fallen nearly -50.29% since the year began. Nevertheless, the stocks have fallen -41.40% 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 $8.17, while 200 days put it at $13.13.

Levels Of Support And Resistance For CYRX Stock

The 24-hour chart illustrates a support level at 7.41, which if violated will result in even more drops to 7.13. On the upside, there is a resistance level at 8.11. A further resistance level may holdings at 8.53. The Relative Strength Index (RSI) on the 14-day chart is 39.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.70, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.67%. Stochastics %K at 6.55% indicates the stock is a buying.

How much short interest is there in CryoPort Inc?

A steep rise in short interest was recorded in CryoPort Inc stocks on 2024-08-15, dropping by -0.39 million shares to a total of 3.21 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 3.6 million shares. There was a decline of -12.04%, which implies that there is a negative 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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