Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. CryoPort Inc shares valued at $338,985 were sold by SHELTON JERRELL on Nov 19 ’24. At $6.78 per share, SHELTON JERRELL sold 50,000 shares. The insider’s holdings dropped to 712,747 shares worth approximately $4.68 million following the completion of this transaction.
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Also, SHELTON JERRELL sold 50,000 shares, netting a total of over 336,540 in proceeds. Following the sale of shares at $6.73 each, the insider now holds 702,307 shares.
Before that, SHELTON JERRELL had sold 50,000 shares from its account. In a trade valued at $332,295, the President, CEO traded CryoPort Inc shares for $6.65 each. Upon closing the transaction, the insider’s holdings decreased to 50,000 shares, worth approximately $4.75 million.
As published in a research note from Jefferies on August 07, 2024, CryoPort Inc [CYRX] has been rated down from a Buy to a Hold and the price target has been revised to $8 from $20. Analysts at B. Riley Securities upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in late July. As of May 03, 2024, B. Riley Securities has decreased its “Buy” rating to a “Neutral” for CYRX.
Analyzing CYRX Stock Performance
During the last five days, there has been a drop of approximately -14.34%. Over the course of the year, CryoPort Inc shares have dropped approximately -57.59%. Shares of the company reached a 52-week high of $20.10 on 04/04/24 and a 52-week low of $5.32 on 07/09/24. A 50-day SMA is recorded $7.57, while a 200-day SMA reached $11.17. Nevertheless, trading volume fell to 0.57 million shares from 0.41 million shares the previous day.
Support And Resistance Levels for CryoPort Inc (CYRX)
According to the 24-hour chart, there is a support level at 6.39, which, if violated, would cause prices to drop to 6.20. In the upper region, resistance lies at 6.85. The next price resistance is at 7.12. RSI (Relative Strength Index) is 38.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.76, which suggests the price will decrease in the coming days. Percent R is at 96.06%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
