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Oppenheimer Downgrades Chromadex Corp (CDXC) to a Perform from an Outperform

In a filing, Chromadex Corp revealed its Director Patrick Kristin unloaded Company’s shares for reported $82110.0 on Aug 23 ’24. In the deal valued at $3.57 per share,23,000 shares were sold. As a result of this transaction, Patrick Kristin now holds 0 shares worth roughly $0.0.

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Then, Kristin Patrick bought 23,000 shares, generating $84,810 in total proceeds.

Before that, Gerber Brianna bought 5,000 shares. Chromadex Corp shares valued at $7,050 were divested by the Chief Financial Officer at a price of $1.41 per share. As a result of the transaction, Gerber Brianna now holds 27,436 shares, worth roughly $0.17 million.

Oppenheimer downgraded its Chromadex Corp [CDXC] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in mid August from “a Buy” to “a Neutral”. ROTH Capital began covering CDXC with “Buy” recommendation on March 08, 2022. Oppenheimer started covering the stock on October 16, 2019. It rated CDXC as “an Outperform”.

Price Performance Review of CDXC

On Tuesday, Chromadex Corp [NASDAQ:CDXC] saw its stock jump 6.45% to $6.11. Over the last five days, the stock has gained 68.78%. Chromadex Corp shares have risen nearly 327.27% since the year began. Nevertheless, the stocks have risen 312.84% over the past one year. While a 52-week high of $6.18 was reached on 11/05/24, a 52-week low of $1.32 was recorded on 01/23/24. SMA at 50 days reached $3.63, while 200 days put it at $3.01.

Levels Of Support And Resistance For CDXC Stock

The 24-hour chart illustrates a support level at 5.64, which if violated will result in even more drops to 5.17. On the upside, there is a resistance level at 6.48. A further resistance level may holdings at 6.85. The Relative Strength Index (RSI) on the 14-day chart is 83.79, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.88, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.03%. Stochastics %K at 90.45% indicates the stock is a selling.

How much short interest is there in Chromadex Corp?

A steep rise in short interest was recorded in Chromadex Corp stocks on 2024-10-15, growing by 12914.0 shares to a total of 2.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 2.95 million shares. There was a rise of 0.44%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on February 14, 2019 when B. Riley FBR began covering the stock and recommended ‘”a Buy”‘ rating along with a $7 price target.

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