The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Ceragon Networks Ltd shares valued at $117,835 were purchased by Alvarez Murillo Carlos Eduardo on Sep 05 ’24. At $2.94 per share, Alvarez Murillo Carlos Eduardo acquired 40,080 shares.
Also, Rotstein Ronen purchased 33,036 shares, netting a total of over 99,438 in proceeds.
Before that, Zimerman Oz had added 15,525 shares to its account. In a trade valued at $47,817, the Executive Vice President, Glob bought Ceragon Networks Ltd shares for $3.08 each.
As published in their initiating research note from ROTH MKM on October 28, 2024, Ceragon Networks Ltd [CRNT] has been a Buy and the price target has been revised to $4.50. Analysts at Aegis Capital started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of May 04, 2021, Needham has increased its “Hold” rating to a “Buy” for CRNT. Earlier on March 12, 2021, Needham upgraded its rating. Their new recommendation was “a Hold” for CRNT stock which previously was a “an Underperform”.
Analyzing CRNT Stock Performance
During the last five days, there has been a surge of approximately 16.53%. Over the course of the year, Ceragon Networks Ltd shares have jumped approximately 30.56%. Shares of the company reached a 52-week high of $3.38 on 03/25/24 and a 52-week low of $2.07 on 01/03/24. A 50-day SMA is recorded $2.60, while a 200-day SMA reached $2.74. Nevertheless, trading volume fell to 1.34 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for Ceragon Networks Ltd (CRNT)
According to the 24-hour chart, there is a support level at 2.68, which, if violated, would cause prices to drop to 2.54. In the upper region, resistance lies at 3.03. The next price resistance is at 3.24. RSI (Relative Strength Index) is 68.59 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.19, which suggests the price will decrease in the coming days. Percent R is at 42.11%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
