Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cadence Design Systems, Inc shares valued at $5,868,282 were purchased by BECKLEY THOMAS P on Nov 06 ’24. At $303.22 per share, BECKLEY THOMAS P acquired 19,353 shares.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Also, Cunningham Paul sold 650 shares, netting a total of over 179,400 in proceeds. Following the sale of shares at $276.00 each, the insider now holds 61,111 shares.
Before that, PAUL A CUNNINGHAM had added 650 shares to its account. In a trade valued at $179,400, the Officer bought Cadence Design Systems, Inc shares for $276.00 each.
As published in their initiating research note from Loop Capital on November 12, 2024, Cadence Design Systems, Inc [CDNS] has been a Buy and the price target has been revised to $360. Analysts at Mizuho started covering the stock with ‘”an Outperform”‘ outlook in a report released in late October. As of October 15, 2024, Berenberg has initiated its “Buy” rating for CDNS. Earlier on September 25, 2024, Oppenheimer initiated its rating. Their recommendation was “an Underperform” for CDNS stock.
Analyzing CDNS Stock Performance
During the last five days, there has been a surge of approximately 0.44%. Over the course of the year, Cadence Design Systems, Inc shares have jumped approximately 11.26%. Shares of the company reached a 52-week high of $328.99 on 06/20/24 and a 52-week low of $241.29 on 08/05/24. A 50-day SMA is recorded $273.65, while a 200-day SMA reached $288.41. Nevertheless, trading volume fell to 1.61 million shares from 1.23 million shares the previous day.
Support And Resistance Levels for Cadence Design Systems, Inc (CDNS)
According to the 24-hour chart, there is a support level at 299.72, which, if violated, would cause prices to drop to 296.41. In the upper region, resistance lies at 306.27. The next price resistance is at 309.51. RSI (Relative Strength Index) is 64.10 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 11.44, which suggests the price will increase in the coming days. Percent R is at 11.90%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
