Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cadre Holdings Inc shares valued at $3,731,276 were sold by KANDERS WARREN B on Sep 09 ’24. At $33.98 per share, KANDERS WARREN B sold 109,808 shares. The insider’s holdings dropped to 12,075,110 shares worth approximately $410.55 million following the completion of this transaction.
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Also, KANDERS WARREN B sold 105,377 shares, netting a total of over 3,574,388 in proceeds. Following the sale of shares at $33.92 each, the insider now holds 11,969,733 shares.
Before that, KANDERS WARREN B had added 300,000 shares to its account. In a trade valued at $10,200,000, the Officer bought Cadre Holdings Inc shares for $34.00 each.
As published in a research note from ROTH MKM on February 21, 2024, Cadre Holdings Inc [CDRE] has been retained to a Buy and the price target has been revised to $38. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late January. As of September 06, 2022, BofA Securities has initiated its “Buy” rating for CDRE. Earlier on August 31, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for CDRE stock.
Analyzing CDRE Stock Performance
During the last five days, there has been a drop of approximately -2.21%. Over the course of the year, Cadre Holdings Inc shares have jumped approximately 3.37%. Shares of the company reached a 52-week high of $40.28 on 10/11/24 and a 52-week low of $29.18 on 05/08/24. A 50-day SMA is recorded $36.92, while a 200-day SMA reached $35.07. Nevertheless, trading volume fell to 0.5 million shares from 0.29 million shares the previous day.
Support And Resistance Levels for Cadre Holdings Inc (CDRE)
According to the 24-hour chart, there is a support level at 32.01, which, if violated, would cause prices to drop to 30.02. In the upper region, resistance lies at 36.62. The next price resistance is at 39.24. RSI (Relative Strength Index) is 36.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.91, which suggests the price will decrease in the coming days. Percent R is at 79.17%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
