Cantaloupe Inc’s recent filing unveils that its Chief Executive Officer Venkatesan Ravi acquired Company’s shares for reported $50400.0 on Sep 13 ’24. In the deal valued at $6.30 per share,8,000 shares were bought. As a result of this transaction, Venkatesan Ravi now holds 136,658 shares worth roughly $0.87 million.
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Then, Baird Lisa P. bought 3,000 shares, generating $18,750 in total proceeds. Upon buying the shares at $6.25, the Director now owns 75,620 shares.
Before that, Venkatesan Ravi bought 7,749 shares. Cantaloupe Inc shares valued at $49,981 were divested by the Chief Executive Officer at a price of $6.45 per share. As a result of the transaction, Venkatesan Ravi now holds 128,658 shares, worth roughly $0.82 million.
The Benchmark Company initiated its Cantaloupe Inc [CTLP] rating to a Buy in a research note published on February 23, 2024; the price target was $10. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. B. Riley Securities began covering CTLP with “Buy” recommendation on August 17, 2023.
Price Performance Review of CTLP
On Tuesday, Cantaloupe Inc [NASDAQ:CTLP] saw its stock jump 0.63% to $6.39. Cantaloupe Inc shares have fallen nearly -13.77% since the year began. Nevertheless, the stocks have fallen -5.47% over the past one year. While a 52-week high of $7.91 was reached on 07/31/24, a 52-week low of $5.74 was recorded on 04/29/24. SMA at 50 days reached $6.87, while 200 days put it at $6.70.
Levels Of Support And Resistance For CTLP Stock
The 24-hour chart illustrates a support level at 6.27, which if violated will result in even more drops to 6.16. On the upside, there is a resistance level at 6.61. A further resistance level may holdings at 6.84. The Relative Strength Index (RSI) on the 14-day chart is 41.28, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.70%. Stochastics %K at 43.25% indicates the stock is a holding.
How much short interest is there in Cantaloupe Inc?
A steep rise in short interest was recorded in Cantaloupe Inc stocks on 2024-08-30, growing by 57617.0 shares to a total of 2.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 2.32 million shares. There was a rise of 2.42%, which implies that there is a positive sentiment for the stock.