In a filing, Caredx Inc revealed its Officer JEFFREY NOVACK acquired Company’s shares for reported $0.12 million on Nov 18 ’24. In the deal valued at $21.17 per share,5,534 shares were bought.
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Then, Johnson Alexander L sold 39,466 shares, generating $1,309,087 in total proceeds. Upon selling the shares at $33.17, the insider now owns 284,983 shares.
Before that, Johnson Alexander L sold 21,557 shares. Caredx Inc shares valued at $702,327 were divested by the insider at a price of $32.58 per share. As a result of the transaction, Johnson Alexander L now holds 284,983 shares, worth roughly $6.59 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 jump 2.44% to $23.13. Over the last five days, the stock has gained 9.26%. Caredx Inc shares have risen nearly 92.75% since the year began. Nevertheless, the stocks have risen 135.30% 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 $26.06, while 200 days put it at $18.34.
Levels Of Support And Resistance For CDNA Stock
The 24-hour chart illustrates a support level at 22.53, which if violated will result in even more drops to 21.93. On the upside, there is a resistance level at 23.61. A further resistance level may holdings at 24.09. The Relative Strength Index (RSI) on the 14-day chart is 46.82, 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 low at 42.86%. Stochastics %K at 46.57% 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.
