Cantaloupe Inc’s recent filing unveils that its Director Baird Lisa P. acquired Company’s shares for reported $44520.0 on Sep 27 ’24. In the deal valued at $7.42 per share,6,000 shares were bought. As a result of this transaction, Baird Lisa P. now holds 97,319 shares worth roughly $0.9 million.
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Then, Bergeron Douglas bought 234,134 shares, generating $1,734,933 in total proceeds. Upon buying the shares at $7.41, the Director now owns 426,319 shares.
Before that, Bergeron Douglas bought 36,000 shares. Cantaloupe Inc shares valued at $266,760 were divested by the Director at a price of $7.41 per share. As a result of the transaction, Bergeron Douglas now holds 462,319 shares, worth roughly $4.29 million.
The Benchmark Company initiated its Cantaloupe Inc [CTLP] rating to a Buy in a research note published on February 23, 2024; the price target was $10. A number of analysts have revised their coverage, including Berenberg’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. B. Riley Securities began covering CTLP with “Buy” recommendation on August 17, 2023.
Price Performance Review of CTLP
On Friday, Cantaloupe Inc [NASDAQ:CTLP] saw its stock jump 3.00% to $9.27. Over the last five days, the stock has gained 6.31%. Cantaloupe Inc shares have risen nearly 25.10% since the year began. Nevertheless, the stocks have risen 38.15% over the past one year. While a 52-week high of $9.67 was reached on 11/06/24, a 52-week low of $5.74 was recorded on 04/29/24. SMA at 50 days reached $8.45, while 200 days put it at $7.06.
Levels Of Support And Resistance For CTLP Stock
The 24-hour chart illustrates a support level at 9.11, which if violated will result in even more drops to 8.94. On the upside, there is a resistance level at 9.37. A further resistance level may holdings at 9.47. The Relative Strength Index (RSI) on the 14-day chart is 59.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.98%. Stochastics %K at 54.91% indicates the stock is a holding.
How much short interest is there in Cantaloupe Inc?
A steep rise in short interest was recorded in Cantaloupe Inc stocks on 2024-10-31, growing by 94159.0 shares to a total of 2.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 2.51 million shares. There was a rise of 3.62%, which implies that there is a positive sentiment for the stock.
