The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cadiz Inc shares valued at $6,913,800 were purchased by Heerema International Group Se on Nov 05 ’24. At $3.34 per share, Heerema International Group Se acquired 2,070,000 shares. The insider’s holdings grew to 22,783,965 shares worth approximately $85.44 million following the completion of this transaction.
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Also, Kennedy Susan P purchased 25,000 shares, netting a total of over 56,250 in proceeds. Following the buying of shares at $2.25 each, the insider now holds 966,921 shares.
Before that, Kennedy Susan P had added 6,762 shares to its account. In a trade valued at $18,999, the CEO bought Cadiz Inc shares for $2.81 each. Upon closing the transaction, the insider’s holdings increased to 6,762 shares, worth approximately $0.34 million.
Analyzing CDZI Stock Performance
During the last five days, there has been a surge of approximately 25.84%. Over the course of the year, Cadiz Inc shares have jumped approximately 33.93%. Shares of the company reached a 52-week high of $3.85 on 07/24/24 and a 52-week low of $2.12 on 04/16/24. A 50-day SMA is recorded $3.12, while a 200-day SMA reached $2.95. Nevertheless, trading volume fell to 0.66 million shares from 1.28 million shares the previous day.
Support And Resistance Levels for Cadiz Inc (CDZI)
According to the 24-hour chart, there is a support level at 3.42, which, if violated, would cause prices to drop to 3.09. In the upper region, resistance lies at 3.96. The next price resistance is at 4.17. RSI (Relative Strength Index) is 73.49 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.38, which suggests the price will decrease in the coming days. Percent R is at 9.47%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
