QuidelOrtho Corporation’s recent filing unveils that its 10% Owner Carlyle Group Inc. unloaded Company’s shares for reported $3.08 million on Aug 09 ’24. In the deal valued at $41.53 per share,74,134 shares were sold. As a result of this transaction, Carlyle Group Inc. now holds 8,260,183 shares worth roughly $339.08 million.
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Then, Carlyle Group Inc. sold 106,705 shares, generating $4,382,446 in total proceeds. Upon selling the shares at $41.07, the 10% Owner now owns 8,334,317 shares.
Before that, Carlyle Group Inc. sold 78,180 shares. QuidelOrtho Corporation shares valued at $3,122,840 were divested by the 10% Owner at a price of $39.94 per share. As a result of the transaction, Carlyle Group Inc. now holds 8,441,022 shares, worth roughly $346.5 million.
A number of analysts have revised their coverage, including Craig Hallum’s analysts, who increased its forecast for the stock in early September from “a Hold” to “a Buy”. UBS also remained covering QDEL and has decreased its forecast on March 04, 2024 with a “Sell” recommendation from previously “Neutral” rating. JP Morgan revised its rating on February 14, 2024. It rated QDEL as “an Underweight” which previously was an “a Neutral”.
Price Performance Review of QDEL
On Friday, QuidelOrtho Corporation [NASDAQ:QDEL] saw its stock fall -2.19% to $41.05. Over the last five days, the stock has lost -6.21%. QuidelOrtho Corporation shares have fallen nearly -44.30% since the year began. Nevertheless, the stocks have fallen -40.69% over the past one year. While a 52-week high of $75.86 was reached on 01/02/24, a 52-week low of $29.74 was recorded on 07/10/24. SMA at 50 days reached $43.61, while 200 days put it at $46.67.
Levels Of Support And Resistance For QDEL Stock
The 24-hour chart illustrates a support level at 40.54, which if violated will result in even more drops to 40.04. On the upside, there is a resistance level at 41.97. A further resistance level may holdings at 42.90. The Relative Strength Index (RSI) on the 14-day chart is 37.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.21%. Stochastics %K at 7.48% indicates the stock is a buying.
How much short interest is there in QuidelOrtho Corporation?
A steep rise in short interest was recorded in QuidelOrtho Corporation stocks on 2024-09-30, dropping by 88525.0 shares to a total of 4.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.26 million shares. There was a decline of -2.12%, which implies that there is a negative sentiment for the stock.
