Cerence Inc’s recent filing unveils that its Director BEAUDOIN THOMAS L unloaded Company’s shares for reported $15650.0 on Oct 01 ’24. In the deal valued at $3.13 per share,5,000 shares were sold. As a result of this transaction, BEAUDOIN THOMAS L now holds 217,457 shares worth roughly $0.83 million.
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Then, THOMAS L. BEAUDOIN bought 5,000 shares, generating $15,650 in total proceeds.
Before that, BEAUDOIN THOMAS L sold 5,000 shares. Cerence Inc shares valued at $16,700 were divested by the Director at a price of $3.34 per share. As a result of the transaction, BEAUDOIN THOMAS L now holds 222,457 shares, worth roughly $0.85 million.
Wells Fargo downgraded its Cerence Inc [CRNC] rating to an Equal weight from a an Overweight in a research note published on May 10, 2024; the price target was decreased to $6.50 from $25. Craig Hallum also remained covering CRNC and has decreased its forecast on February 07, 2024 with a “Hold” recommendation from previously “Buy” rating. Craig Hallum revised its rating on February 09, 2023. It rated CRNC as “a Buy” which previously was an “a Hold”.
Price Performance Review of CRNC
On Monday, Cerence Inc [NASDAQ:CRNC] saw its stock jump 41.79% to $3.80. Over the last five days, the stock has gained 20.63%. Cerence Inc shares have fallen nearly -80.67% since the year began. Nevertheless, the stocks have fallen -79.18% over the past one year. While a 52-week high of $21.67 was reached on 02/06/24, a 52-week low of $2.34 was recorded on 08/07/24. SMA at 50 days reached $2.89, while 200 days put it at $9.10.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 3.15, which if violated will result in even more drops to 2.49. On the upside, there is a resistance level at 4.18. A further resistance level may holdings at 4.55. The Relative Strength Index (RSI) on the 14-day chart is 65.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.51%. Stochastics %K at 54.86% indicates the stock is a holding.
How much short interest is there in Cerence Inc?
A steep rise in short interest was recorded in Cerence Inc stocks on 2024-09-13, dropping by -0.99 million shares to a total of 6.42 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 7.42 million shares. There was a decline of -15.49%, which implies that there is a negative sentiment for the stock.
