Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Caredx Inc shares valued at $1,309,087 were sold by Johnson Alexander L on Aug 20 ’24. At $33.17 per share, Johnson Alexander L sold 39,466 shares. The insider’s holdings dropped to 284,983 shares worth approximately $7.46 million following the completion of this transaction.
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Also, Johnson Alexander L sold 21,557 shares, netting a total of over 702,327 in proceeds. Following the sale of shares at $32.58 each, the insider now holds 284,983 shares.
Before that, Maag Peter had sold 35,552 shares from its account. In a trade valued at $1,174,493, the Director traded Caredx Inc shares for $33.04 each. Upon closing the transaction, the insider’s holdings decreased to 35,552 shares, worth approximately $8.64 million.
As published in their initiating research note from Wells Fargo on August 28, 2024, Caredx Inc [CDNA] has been an Underweight and the price target has been revised to $28. Analysts at BTIG Research upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid August. As of May 13, 2024, Raymond James has decreased its “an Outperform” rating to a “Mkt perform” for CDNA. Earlier on May 01, 2024, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for CDNA stock which previously was a “a Hold”.
Analyzing CDNA Stock Performance
During the last five days, there has been a drop of approximately -7.05%. Over the course of the year, Caredx Inc shares have jumped approximately 118.17%. Shares of the company reached a 52-week high of $34.84 on 08/19/24 and a 52-week low of $7.42 on 04/26/24. A 50-day SMA is recorded $29.61, while a 200-day SMA reached $16.63. Nevertheless, trading volume fell to 1.19 million shares from 2.12 million shares the previous day.
Support And Resistance Levels for Caredx Inc (CDNA)
According to the 24-hour chart, there is a support level at 25.30, which, if violated, would cause prices to drop to 24.43. In the upper region, resistance lies at 26.88. The next price resistance is at 27.58. RSI (Relative Strength Index) is 39.38 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.19, which suggests the price will decrease in the coming days. Percent R is at 81.61%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
