Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cricut Inc shares valued at $229,620 were sold by Olsen Donald B. on Aug 29 ’24. At $5.74 per share, Olsen Donald B. sold 40,000 shares. The insider’s holdings dropped to 655,833 shares worth approximately $3.63 million following the completion of this transaction.
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Also, Olsen Donald B. purchased 40,000 shares, netting a total of over 229,621 in proceeds.
Before that, Ashish Arora had sold 57,493 shares from its account. In a trade valued at $337,127, the Chief Executive Officer traded Cricut Inc shares for $5.86 each. Upon closing the transaction, the insider’s holdings decreased to 57,493 shares, worth approximately $14.07 million.
As published in their initiating research note from Goldman on December 13, 2023, Cricut Inc [CRCT] has been a Neutral and the price target has been revised to $7. Analysts at Citigroup started covering the stock with ‘”a Neutral”‘ outlook in a report released in late August. As of March 09, 2022, Robert W. Baird has decreased its “an Outperform” rating to a “Neutral” for CRCT. Earlier on October 01, 2021, Barclays downgraded its rating. Their new recommendation was “an Underweight” for CRCT stock which previously was a “an Equal weight”.
Analyzing CRCT Stock Performance
During the last five days, there has been a drop of approximately -0.54%. Over the course of the year, Cricut Inc shares have dropped approximately -9.40%. Shares of the company reached a 52-week high of $8.40 on 05/09/24 and a 52-week low of $4.43 on 03/06/24. A 50-day SMA is recorded $6.35, while a 200-day SMA reached $5.86. Nevertheless, trading volume fell to 0.53 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for Cricut Inc (CRCT)
According to the 24-hour chart, there is a support level at 5.40, which, if violated, would cause prices to drop to 5.26. In the upper region, resistance lies at 5.71. The next price resistance is at 5.87. RSI (Relative Strength Index) is 35.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.54, which suggests the price will decrease in the coming days. Percent R is at 92.97%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
