Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. QuidelOrtho Corporation shares valued at $3,078,980 were sold by Carlyle Group Inc. on Aug 09 ’24. At $41.53 per share, Carlyle Group Inc. sold 74,134 shares. The insider’s holdings dropped to 8,260,183 shares worth approximately $320.91 million following the completion of this transaction.
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Also, Carlyle Group Inc. sold 106,705 shares, netting a total of over 4,382,446 in proceeds. Following the sale of shares at $41.07 each, the insider now holds 8,334,317 shares.
Before that, Carlyle Group Inc. had sold 78,180 shares from its account. In a trade valued at $3,122,840, the 10% Owner traded QuidelOrtho Corporation shares for $39.94 each. Upon closing the transaction, the insider’s holdings decreased to 78,180 shares, worth approximately $327.93 million.
Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of March 04, 2024, UBS has decreased its “Neutral” rating to a “Sell” for QDEL. Earlier on February 14, 2024, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for QDEL stock which previously was a “a Neutral”.
Analyzing QDEL Stock Performance
During the last five days, there has been a surge of approximately 2.10%. Over the course of the year, QuidelOrtho Corporation shares have dropped approximately -47.29%. Shares of the company reached a 52-week high of $75.82 on 01/02/24 and a 52-week low of $29.74 on 07/10/24. A 50-day SMA is recorded $42.27, while a 200-day SMA reached $43.51. Nevertheless, trading volume fell to 0.71 million shares from 0.43 million shares the previous day.
Support And Resistance Levels for QuidelOrtho Corporation (QDEL)
According to the 24-hour chart, there is a support level at 38.30, which, if violated, would cause prices to drop to 37.75. In the upper region, resistance lies at 39.81. The next price resistance is at 40.77. RSI (Relative Strength Index) is 40.49 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.41, which suggests the price will decrease in the coming days. Percent R is at 71.77%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
