CorMedix Inc’s recently made public that its Chief Executive Officer Todisco Joseph acquired Company’s shares for reported $50718.0 on Mar 13 ’24. In the deal valued at $3.74 per share,13,561 shares were bought. As a result of this transaction, Todisco Joseph now holds 352,839 shares worth roughly $3.41 million.
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Then, DUNTON ALAN W bought 3,000 shares, generating $10,350 in total proceeds. Upon buying the shares at $3.45, the Director now owns 12,250 shares.
Before that, DUNTON ALAN W bought 3,000 shares. CorMedix Inc shares valued at $9,900 were divested by the Director at a price of $3.30 per share. As a result of the transaction, DUNTON ALAN W now holds 15,250 shares, worth roughly $0.15 million.
Rodman & Renshaw initiated its CorMedix Inc [CRMD] rating to a Buy in a research note published on August 26, 2024; the price target was $13. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in early August with a ‘”an Outperform”‘ rating. Needham began covering CRMD with “Buy” recommendation on February 17, 2021. JMP Securities started covering the stock on September 29, 2020. It rated CRMD as “a Mkt outperform”.
Price Performance Review of CRMD
On Tuesday, CorMedix Inc [NASDAQ:CRMD] saw its stock jump 5.45% to $9.67. Over the last five days, the stock has gained 19.38%. CorMedix Inc shares have risen nearly 157.18% since the year began. Nevertheless, the stocks have risen 171.63% over the past one year. While a 52-week high of $9.36 was reached on 10/08/24, a 52-week low of $2.57 was recorded on 02/08/24. SMA at 50 days reached $6.14, while 200 days put it at $4.77.
Levels Of Support And Resistance For CRMD Stock
The 24-hour chart illustrates a support level at 9.27, which if violated will result in even more drops to 8.86. On the upside, there is a resistance level at 9.93. A further resistance level may holdings at 10.19. The Relative Strength Index (RSI) on the 14-day chart is 85.47, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.08%. Stochastics %K at 94.19% indicates the stock is a selling.
How much short interest is there in CorMedix Inc?
A steep rise in short interest was recorded in CorMedix Inc stocks on 2024-09-13, growing by 64377.0 shares to a total of 10.38 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.32 million shares. There was a rise of 0.62%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 21, 2020 when Truist began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.
