Cardlytics Inc’s recent filing unveils that its Chief Financial Officer DeSieno Alexis unloaded Company’s shares for reported $0.34 million on Aug 15 ’24. In the deal valued at $3.71 per share,90,912 shares were sold. As a result of this transaction, DeSieno Alexis now holds 90,986 shares worth roughly $0.34 million.
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Then, DeSieno Alexis bought 90,912 shares, generating $337,138 in total proceeds.
Before that, Hill Scott A bought 40,000 shares. Cardlytics Inc shares valued at $143,200 were divested by the Director at a price of $3.58 per share. As a result of the transaction, Hill Scott A now holds 40,000 shares, worth roughly $0.15 million.
Northland Capital downgraded its Cardlytics Inc [CDLX] rating to a Market perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including BofA Securities’s analysts, who decreased its forecast for the stock in mid August from “a Neutral” to “an Underperform”. Needham also remained covering CDLX and has decreased its forecast on August 08, 2024 with a “Hold” recommendation from previously “Buy” rating. Lake Street revised its rating on August 08, 2024. It rated CDLX as “a Hold” which previously was an “a Buy”.
Price Performance Review of CDLX
On Monday, Cardlytics Inc [NASDAQ:CDLX] saw its stock fall -0.27% to $3.72. Over the last five days, the stock has gained 12.39%. Cardlytics Inc shares have fallen nearly -59.61% since the year began. Nevertheless, the stocks have fallen -80.59% over the past one year. While a 52-week high of $20.52 was reached on 03/25/24, a 52-week low of $2.89 was recorded on 08/08/24. SMA at 50 days reached $5.76, while 200 days put it at $8.53.
Levels Of Support And Resistance For CDLX Stock
The 24-hour chart illustrates a support level at 3.65, which if violated will result in even more drops to 3.57. On the upside, there is a resistance level at 3.80. A further resistance level may holdings at 3.87. The Relative Strength Index (RSI) on the 14-day chart is 39.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.06, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 43.86%. Stochastics %K at 52.79% indicates the stock is a holding.
How much short interest is there in Cardlytics Inc?
A steep rise in short interest was recorded in Cardlytics Inc stocks on 2024-08-30, growing by 1.11 million shares to a total of 8.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 7.52 million shares. There was a rise of 12.88%, which implies that there is a positive sentiment for the stock.
