In a filing, Caredx Inc revealed its insider Johnson Alexander L unloaded Company’s shares for reported $1.31 million on Aug 20 ’24. In the deal valued at $33.17 per share,39,466 shares were sold. As a result of this transaction, Johnson Alexander L now holds 284,983 shares worth roughly $6.03 million.
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Then, Johnson Alexander L sold 21,557 shares, generating $702,327 in total proceeds. Upon selling the shares at $32.58, the insider now owns 284,983 shares.
Before that, Maag Peter sold 35,552 shares. Caredx Inc shares valued at $1,174,493 were divested by the Director at a price of $33.04 per share. As a result of the transaction, Maag Peter now holds 330,024 shares, worth roughly $6.99 million.
Wells Fargo initiated its Caredx Inc [CDNA] rating to an Underweight in a research note published on August 28, 2024; the price target was $28. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. Raymond James also remained covering CDNA and has decreased its forecast on May 13, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Craig Hallum revised its rating on May 01, 2024. It rated CDNA as “a Buy” which previously was an “a Hold”.
Price Performance Review of CDNA
On Friday, Caredx Inc [NASDAQ:CDNA] saw its stock fall -1.76% to $21.17. Over the last five days, the stock has lost -10.49%. Caredx Inc shares have risen nearly 76.42% since the year began. Nevertheless, the stocks have risen 134.18% over the past one year. While a 52-week high of $34.84 was reached on 08/19/24, a 52-week low of $7.42 was recorded on 04/26/24. SMA at 50 days reached $26.68, while 200 days put it at $18.00.
Levels Of Support And Resistance For CDNA Stock
The 24-hour chart illustrates a support level at 20.86, which if violated will result in even more drops to 20.56. On the upside, there is a resistance level at 21.63. A further resistance level may holdings at 22.10. The Relative Strength Index (RSI) on the 14-day chart is 31.07, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 90.31%. Stochastics %K at 25.75% indicates the stock is a holding.
How much short interest is there in Caredx Inc?
A steep rise in short interest was recorded in Caredx Inc stocks on 2024-10-31, dropping by -0.21 million shares to a total of 3.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.66 million shares. There was a decline of -6.09%, which implies that there is a negative sentiment for the stock.
