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 $141,375 were sold by Nirland Ltd on Oct 01 ’24. At $0.11 per share, Nirland Ltd sold 1,250,000 shares. The insider’s holdings dropped to 10,233,177 shares worth approximately $1.02 million following the completion of this transaction.
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Also, Nirland Ltd sold 1,016,823 shares, netting a total of over 122,019 in proceeds. Following the sale of shares at $0.12 each, the insider now holds 11,483,177 shares.
Before that, Nirland Ltd had sold 333,177 shares from its account. In a trade valued at $34,251, the 10% Owner traded Conduit Pharmaceuticals Inc shares for $0.10 each. Upon closing the transaction, the insider’s holdings decreased to 333,177 shares, worth approximately $0.99 million.
Analyzing CDT Stock Performance
During the last five days, there has been a drop of approximately -23.52%. Over the course of the year, Conduit Pharmaceuticals Inc shares have dropped approximately -97.84%. Shares of the company reached a 52-week high of $5.2900 on 01/05/24 and a 52-week low of $0.0950 on 10/02/24. A 50-day SMA is recorded $0.1531, while a 200-day SMA reached $2.1589. Nevertheless, trading volume fell to 40.23 million shares from 4.32 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 0.0935, which, if violated, would cause prices to drop to 0.0885. In the upper region, resistance lies at 0.1080. The next price resistance is at 0.1175. RSI (Relative Strength Index) is 25.95 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0237, which suggests the price will decrease in the coming days. Percent R is at 92.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
