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. Cantaloupe Inc shares valued at $44,520 were purchased by Baird Lisa P. on Sep 27 ’24. At $7.42 per share, Baird Lisa P. acquired 6,000 shares. The insider’s holdings grew to 97,319 shares worth approximately $0.76 million following the completion of this transaction.
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Also, Bergeron Douglas purchased 234,134 shares, netting a total of over 1,734,933 in proceeds. Following the buying of shares at $7.41 each, the insider now holds 426,319 shares.
Before that, Bergeron Douglas had added 36,000 shares to its account. In a trade valued at $266,760, the Director bought Cantaloupe Inc shares for $7.41 each. Upon closing the transaction, the insider’s holdings increased to 36,000 shares, worth approximately $3.6 million.
As published in their initiating research note from The Benchmark Company on February 23, 2024, Cantaloupe Inc [CTLP] has been a Buy and the price target has been revised to $10. Analysts at Berenberg started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of August 17, 2023, B. Riley Securities has initiated its “Buy” rating for CTLP.
Analyzing CTLP Stock Performance
During the last five days, there has been a surge of approximately 8.96%. Over the course of the year, Cantaloupe Inc shares have jumped approximately 4.99%. Shares of the company reached a 52-week high of $8.21 on 10/01/24 and a 52-week low of $5.74 on 04/29/24. A 50-day SMA is recorded $6.94, while a 200-day SMA reached $6.70. Nevertheless, trading volume fell to 0.58 million shares from 0.47 million shares the previous day.
Support And Resistance Levels for Cantaloupe Inc (CTLP)
According to the 24-hour chart, there is a support level at 7.70, which, if violated, would cause prices to drop to 7.61. In the upper region, resistance lies at 7.90. The next price resistance is at 8.02. RSI (Relative Strength Index) is 70.56 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.73, which suggests the price will decrease in the coming days. Percent R is at 21.88%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
