The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Conduit Pharmaceuticals Inc shares valued at $3,246,448 were sold by Regan Andrew on Jul 16 ’24. At $0.32 per share, Regan Andrew sold 10,244,392 shares. The insider’s holdings dropped to 1,691,727 shares worth approximately $0.22 million following the completion of this transaction.
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Also, Regan Andrew sold 1,514,100 shares, netting a total of over 391,092 in proceeds. Following the sale of shares at $0.26 each, the insider now holds 177,627 shares.
Before that, Regan Andrew had sold 1,389,820 shares from its account. In a trade valued at $343,425, the Director traded Conduit Pharmaceuticals Inc shares for $0.25 each. Upon closing the transaction, the insider’s holdings decreased to 1,389,820 shares, worth approximately $1.68 million.
Analyzing CDT Stock Performance
During the last five days, there has been a drop of approximately -3.19%. Over the course of the year, Conduit Pharmaceuticals Inc shares have dropped approximately -97.06%. Shares of the company reached a 52-week high of $5.2900 on 01/05/24 and a 52-week low of $0.1126 on 09/03/24. A 50-day SMA is recorded $0.1806, while a 200-day SMA reached $2.4082. Nevertheless, trading volume fell to 1.28 million shares from 1.43 million shares the previous day.
Support And Resistance Levels for Conduit Pharmaceuticals Inc (CDT)
According to the 24-hour chart, there is a support level at 0.1280, which, if violated, would cause prices to drop to 0.1222. In the upper region, resistance lies at 0.1385. The next price resistance is at 0.1432. RSI (Relative Strength Index) is 31.52 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0055, which suggests the price will decrease in the coming days. Percent R is at 32.80%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
