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CXM Shares Experience Decline in Value

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Sprinklr Inc shares valued at $101,124 were sold by Adams Diane on Sep 18 ’24. At $7.83 per share, Adams Diane sold 12,915 shares. The insider’s holdings dropped to 376,942 shares worth approximately $2.76 million following the completion of this transaction.

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Also, Scott Jacob sold 2,963 shares, netting a total of over 23,200 in proceeds. Following the sale of shares at $7.83 each, the insider now holds 355,190 shares.

Before that, Scott Jacob had sold 749 shares from its account. In a trade valued at $5,872, the GENERAL COUNSEL AND CORP. SEC. traded Sprinklr Inc shares for $7.84 each. Upon closing the transaction, the insider’s holdings decreased to 749 shares, worth approximately $2.6 million.

As published in a research note from DA Davidson on June 06, 2024, Sprinklr Inc [CXM] has been rated down from a Buy to a Neutral and the price target has been revised to $9 from $16. Analysts at Cantor Fitzgerald downgraded the stock from ‘”an Overweight”‘ to ‘”a Neutral”‘ outlook in a report released in early June. As of March 21, 2024, KeyBanc Capital Markets has initiated its “an Overweight” rating for CXM. Earlier on February 06, 2024, Rosenblatt initiated its rating. Their recommendation was “a Buy” for CXM stock.

Analyzing CXM Stock Performance

During the last five days, there has been a drop of approximately -2.79%. Over the course of the year, Sprinklr Inc shares have dropped approximately -39.12%. Shares of the company reached a 52-week high of $14.31 on 03/28/24 and a 52-week low of $7.19 on 10/02/24. A 50-day SMA is recorded $8.51, while a 200-day SMA reached $10.89. Nevertheless, trading volume fell to 1.9 million shares from 1.42 million shares the previous day.

Support And Resistance Levels for Sprinklr Inc (CXM)

According to the 24-hour chart, there is a support level at 7.22, which, if violated, would cause prices to drop to 7.11. In the upper region, resistance lies at 7.41. The next price resistance is at 7.49. RSI (Relative Strength Index) is 33.16 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.21, which suggests the price will decrease in the coming days. Percent R is at 83.43%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.

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