Cardlytics Inc’s filing revealed that its Chief Executive Officer Gupta Amit unloaded Company’s shares for reported $86924.0 on Oct 24 ’24. In the deal valued at $3.85 per share,22,607 shares were sold. As a result of this transaction, Gupta Amit now holds 178,519 shares worth roughly $0.75 million.
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Then, Gupta Amit bought 22,607 shares, generating $86,919 in total proceeds.
Before that, DeSieno Alexis sold 7,487 shares. Cardlytics Inc shares valued at $23,097 were divested by the Chief Financial Officer at a price of $3.08 per share. As a result of the transaction, DeSieno Alexis now holds 97,849 shares, worth roughly $0.41 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 Friday, Cardlytics Inc [NASDAQ:CDLX] saw its stock fall -3.02% to $4.18. Over the last five days, the stock has gained 7.73%. Cardlytics Inc shares have fallen nearly -54.61% since the year began. Nevertheless, the stocks have fallen -65.51% 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 $3.63, while 200 days put it at $7.77.
Levels Of Support And Resistance For CDLX Stock
The 24-hour chart illustrates a support level at 4.03, which if violated will result in even more drops to 3.87. On the upside, there is a resistance level at 4.39. A further resistance level may holdings at 4.61. The Relative Strength Index (RSI) on the 14-day chart is 60.94, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.23, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 34.16%. Stochastics %K at 82.13% 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 2024-10-15, dropping by -0.65 million shares to a total of 7.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.26 million shares. There was a decline of -8.57%, which implies that there is a negative sentiment for the stock.
