Cerence Inc’s filing revealed that its Director BEAUDOIN THOMAS L unloaded Company’s shares for reported $32955.0 on Oct 07 ’24. In the deal valued at $2.89 per share,11,403 shares were sold. As a result of this transaction, BEAUDOIN THOMAS L now holds 206,054 shares worth roughly $0.62 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Roman Katherine sold 2,225 shares, generating $6,430 in total proceeds. Upon selling the shares at $2.89, the VP Corporate Controller now owns 37,965 shares.
Before that, Salinas Jennifer sold 13,955 shares. Cerence Inc shares valued at $50,098 were divested by the EVP Chief Admin Officer at a price of $3.59 per share. As a result of the transaction, Salinas Jennifer now holds 526,423 shares, worth roughly $1.57 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 1.01% to $2.99. Over the last five days, the stock has lost -8.56%. Cerence Inc shares have fallen nearly -84.79% since the year began. Nevertheless, the stocks have fallen -81.79% 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 $2.99, while 200 days put it at $8.30.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 2.91, which if violated will result in even more drops to 2.83. On the upside, there is a resistance level at 3.06. A further resistance level may holdings at 3.12. The Relative Strength Index (RSI) on the 14-day chart is 48.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.16, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.90%. Stochastics %K at 30.50% 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 2024-09-30, dropping by -1.12 million shares to a total of 5.8 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.92 million shares. There was a decline of -19.27%, which implies that there is a negative sentiment for the stock.
