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The Attractiveness of Investing In Cardlytics Inc (CDLX) is Growing

Cardlytics Inc’s filing revealed that its Chief Financial Officer DeSieno Alexis unloaded Company’s shares for reported $23097.0 on Oct 02 ’24. In the deal valued at $3.08 per share,7,487 shares were sold. As a result of this transaction, DeSieno Alexis now holds 97,849 shares worth roughly $0.4 million.

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Then, Lynton Nicholas Hollmeyer sold 5,936 shares, generating $18,313 in total proceeds. Upon selling the shares at $3.08, the Chief Legal & Privacy Officer now owns 85,445 shares.

Before that, Gupta Amit sold 7,543 shares. Cardlytics Inc shares valued at $23,270 were divested by the Chief Executive Officer at a price of $3.08 per share. As a result of the transaction, Gupta Amit now holds 157,376 shares, worth roughly $0.64 million.

Evercore ISI initiated its Cardlytics Inc [CDLX] rating to an In-line in a research note published on October 11, 2024; the price target was $4. A number of analysts have revised their coverage, including Northland Capital’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Market perform”. BofA Securities also remained covering CDLX and has decreased its forecast on August 15, 2024 with a “an Underperform” recommendation from previously “Neutral” rating. Needham revised its rating on August 08, 2024. It rated CDLX as “a Hold” which previously was an “a Buy”.

Price Performance Review of CDLX

On Monday, Cardlytics Inc [NASDAQ:CDLX] saw its stock jump 2.64% to $4.08. Over the last five days, the stock has gained 8.22%. Cardlytics Inc shares have fallen nearly -55.70% since the year began. Nevertheless, the stocks have fallen -65.94% over the past one year. While a 52-week high of $20.52 was reached on 03/25/24, a 52-week low of $2.89 was recorded on 08/08/24. SMA at 50 days reached $3.59, while 200 days put it at $7.90.

Levels Of Support And Resistance For CDLX Stock

The 24-hour chart illustrates a support level at 3.90, which if violated will result in even more drops to 3.72. On the upside, there is a resistance level at 4.17. A further resistance level may holdings at 4.26. The Relative Strength Index (RSI) on the 14-day chart is 63.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.49, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.00%. Stochastics %K at 96.61% indicates the stock is a selling.

How much short interest is there in Cardlytics Inc?

A steep rise in short interest was recorded in Cardlytics Inc stocks on 2024-09-30, dropping by -0.34 million shares to a total of 8.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 8.63 million shares. There was a decline of -4.13%, which implies that there is a negative sentiment for the stock.

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