Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Radnet Inc shares valued at $3,470,130 were purchased by Jayanathan Ranjan on Nov 14 ’24. At $90.00 per share, Jayanathan Ranjan acquired 38,557 shares.
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Also, Murdock Michael N sold 15,000 shares, netting a total of over 941,702 in proceeds. Following the sale of shares at $62.78 each, the insider now holds 48,144 shares.
Before that, Murdock Michael N had added 15,000 shares to its account. In a trade valued at $937,500, the Officer bought Radnet Inc shares for $62.50 each.
As published in a research note from Barclays on September 06, 2024, Radnet Inc [RDNT] has been rated up from an Equal weight to an Overweight and the price target has been revised to $79 from $57. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of August 31, 2023, Truist has initiated its “Buy” rating for RDNT. Earlier on March 31, 2023, CJS Securities initiated its rating. Their recommendation was “a Market outperform” for RDNT stock.
Analyzing RDNT Stock Performance
During the last five days, there has been a drop of approximately -0.48%. Over the course of the year, Radnet Inc shares have jumped approximately 136.30%. Shares of the company reached a 52-week high of $93.65 on 11/11/24 and a 52-week low of $33.44 on 01/03/24. A 50-day SMA is recorded $70.44, while a 200-day SMA reached $58.12. Nevertheless, trading volume fell to 0.56 million shares from 0.46 million shares the previous day.
Support And Resistance Levels for Radnet Inc (RDNT)
According to the 24-hour chart, there is a support level at 80.48, which, if violated, would cause prices to drop to 78.81. In the upper region, resistance lies at 83.01. The next price resistance is at 83.87. RSI (Relative Strength Index) is 67.23 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 3.89, which suggests the price will increase in the coming days. Percent R is at 40.43%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
