In a filing, Radnet Inc revealed its EVP, Mergers and Acquisitions Murdock Michael N unloaded Company’s shares for reported $0.94 million on Aug 21 ’24. In the deal valued at $62.78 per share,15,000 shares were sold. As a result of this transaction, Murdock Michael N now holds 48,144 shares worth roughly $4.16 million.
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Then, Murdock Michael N bought 15,000 shares, generating $937,500 in total proceeds.
Before that, Patel Mital sold 29,800 shares. Radnet Inc shares valued at $1,758,200 were divested by the EVP, Chief Admin Officer at a price of $59.00 per share. As a result of the transaction, Patel Mital now holds 202,146 shares, worth roughly $17.46 million.
Barclays upgraded its Radnet Inc [RDNT] rating to an Overweight from a an Equal weight in a research note published on September 06, 2024; the price target was increased to $79 from $57. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Truist began covering RDNT with “Buy” recommendation on August 31, 2023. CJS Securities started covering the stock on March 31, 2023. It rated RDNT as “a Market outperform”.
Price Performance Review of RDNT
On Monday, Radnet Inc [NASDAQ:RDNT] saw its stock jump 19.10% to $86.38. Over the last five days, the stock has gained 27.05%. Radnet Inc shares have risen nearly 148.43% since the year began. Nevertheless, the stocks have risen 193.11% over the past one year. While a 52-week high of $72.69 was reached on 11/11/24, a 52-week low of $28.27 was recorded on 01/03/24. SMA at 50 days reached $67.76, while 200 days put it at $56.59.
Levels Of Support And Resistance For RDNT Stock
The 24-hour chart illustrates a support level at 82.74, which if violated will result in even more drops to 79.10. On the upside, there is a resistance level at 91.83. A further resistance level may holdings at 97.29. The Relative Strength Index (RSI) on the 14-day chart is 82.16, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 7.52, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 25.06%. Stochastics %K at 86.54% indicates the stock is a selling.
How much short interest is there in Radnet Inc?
A steep rise in short interest was recorded in Radnet Inc stocks on 2024-10-15, growing by 0.35 million shares to a total of 3.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.36 million shares. There was a rise of 9.34%, which implies that there is a positive sentiment for the stock.
