Conduent Inc’s recent filing unveils that its 10% Owner ICAHN CARL C unloaded Company’s shares for reported $132.38 million on Jun 08 ’24. In the deal valued at $3.47 per share,38,149,336 shares were sold. As a result of this transaction, ICAHN CARL C now holds 0 shares worth roughly $0.0.
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Noble Capital Markets initiated its Conduent Inc [CNDT] rating to an Outperform in a research note published on March 14, 2024; the price target was $9. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in early November from “a Buy” to “a Hold”. JP Morgan also remained covering CNDT and has decreased its forecast on April 14, 2020 with a “Neutral” recommendation from previously “an Overweight” rating. Needham maintained its rating on February 21, 2020. It rated CNDT as “a Buy”.
Price Performance Review of CNDT
On Monday, Conduent Inc [NASDAQ:CNDT] saw its stock jump 4.49% to $3.72. Over the last five days, the stock has lost -1.85%. Conduent Inc shares have risen nearly 1.92% since the year began. Nevertheless, the stocks have risen 15.53% over the past one year. While a 52-week high of $4.22 was reached on 10/09/24, a 52-week low of $2.40 was recorded on 04/26/24. SMA at 50 days reached $3.81, while 200 days put it at $3.55.
Levels Of Support And Resistance For CNDT Stock
The 24-hour chart illustrates a support level at 3.62, which if violated will result in even more drops to 3.53. On the upside, there is a resistance level at 3.78. A further resistance level may holdings at 3.85. The Relative Strength Index (RSI) on the 14-day chart is 44.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 75.57%. Stochastics %K at 15.99% indicates the stock is a buying.
How much short interest is there in Conduent Inc?
A steep rise in short interest was recorded in Conduent Inc stocks on 2024-10-15, dropping by -0.4 million shares to a total of 2.46 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.86 million shares. There was a decline of -16.25%, which implies that there is a negative sentiment for the stock.
