Conduit Pharmaceuticals Inc’s filing revealed that its 10% Owner Nirland Ltd unloaded Company’s shares for reported $0.16 million on Oct 03 ’24. In the deal valued at $0.10 per share,1,500,000 shares were sold. As a result of this transaction, Nirland Ltd now holds 8,400,000 shares worth roughly $0.92 million.
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Then, Nirland Ltd sold 1,368,991 shares, generating $140,458 in total proceeds. Upon selling the shares at $0.10, the 10% Owner now owns 7,031,009 shares.
Before that, Nirland Ltd sold 939,009 shares. Conduit Pharmaceuticals Inc shares valued at $96,530 were divested by the 10% Owner at a price of $0.10 per share. As a result of the transaction, Nirland Ltd now holds 6,092,000 shares, worth roughly $0.67 million.
Price Performance Review of CDT
On Monday, Conduit Pharmaceuticals Inc [NASDAQ:CDT] saw its stock fall -5.52% to $0.11. Over the last five days, the stock has lost -2.30%. Conduit Pharmaceuticals Inc shares have fallen nearly -97.67% since the year began. Nevertheless, the stocks have fallen -93.90% over the past one year. While a 52-week high of $7.83 was reached on 01/05/24, a 52-week low of $0.09 was recorded on 10/02/24. SMA at 50 days reached $0.1295, while 200 days put it at $1.8695.
Levels Of Support And Resistance For CDT Stock
The 24-hour chart illustrates a support level at 0.1027, which if violated will result in even more drops to 0.0992. On the upside, there is a resistance level at 0.1110. A further resistance level may holdings at 0.1158. The Relative Strength Index (RSI) on the 14-day chart is 41.74, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0014, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.05%. Stochastics %K at 18.75% indicates the stock is a buying.
How much short interest is there in Conduit Pharmaceuticals Inc?
A steep rise in short interest was recorded in Conduit Pharmaceuticals Inc stocks on 2024-09-30, dropping by -0.82 million shares to a total of 1.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.27 million shares. There was a decline of -56.94%, which implies that there is a negative sentiment for the stock.
