Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CVRx Inc shares valued at $24,300 were purchased by SLATTERY JOSEPH P on Aug 15 ’24. At $8.10 per share, SLATTERY JOSEPH P acquired 3,000 shares. The insider’s holdings grew to 30,645 shares worth approximately $0.43 million following the completion of this transaction.
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Also, SLATTERY JOSEPH P purchased 3,000 shares, netting a total of over 24,716 in proceeds. Following the buying of shares at $8.24 each, the insider now holds 27,645 shares.
Before that, SLATTERY JOSEPH P had added 2,500 shares to its account. In a trade valued at $22,725, the Director bought CVRx Inc shares for $9.09 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $0.35 million.
As published in their initiating research note from Cantor Fitzgerald on September 10, 2024, CVRx Inc [CVRX] has been an Overweight and the price target has been revised to $14. Analysts at Lake Street resumed the stock at ‘”a Buy”‘ outlook in a report released in mid July. Earlier on May 01, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for CVRX stock which previously was a “an Outperform”.
Analyzing CVRX Stock Performance
During the last five days, there has been a surge of approximately 38.35%. Over the course of the year, CVRx Inc shares have dropped approximately -55.25%. Shares of the company reached a 52-week high of $32.43 on 01/02/24 and a 52-week low of $6.40 on 06/04/24. A 50-day SMA is recorded $8.93, while a 200-day SMA reached $13.33. Nevertheless, trading volume fell to 1.33 million shares from 0.35 million shares the previous day.
Support And Resistance Levels for CVRx Inc (CVRX)
According to the 24-hour chart, there is a support level at 11.58, which, if violated, would cause prices to drop to 9.08. In the upper region, resistance lies at 15.46. The next price resistance is at 16.84. RSI (Relative Strength Index) is 82.44 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 2.04, which suggests the price will increase in the coming days. Percent R is at 3.78%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
