In a filing, Cerence Inc revealed its Director BEAUDOIN THOMAS L unloaded Company’s shares for reported $15550.0 on Nov 01 ’24. In the deal valued at $3.11 per share,5,000 shares were sold. As a result of this transaction, BEAUDOIN THOMAS L now holds 201,054 shares worth roughly $1.45 million.
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Then, THOMAS L. BEAUDOIN bought 5,000 shares, generating $15,550 in total proceeds.
Before that, BEAUDOIN THOMAS L sold 11,403 shares. Cerence Inc shares valued at $32,955 were divested by the Director at a price of $2.89 per share. As a result of the transaction, BEAUDOIN THOMAS L now holds 206,054 shares, worth roughly $1.48 million.
Wells Fargo downgraded its Cerence Inc [CRNC] rating to an Equal weight from a an Overweight in a research note published on May 10, 2024; the price target was decreased to $6.50 from $25. Craig Hallum also remained covering CRNC and has decreased its forecast on February 07, 2024 with a “Hold” recommendation from previously “Buy” rating. Craig Hallum revised its rating on February 09, 2023. It rated CRNC as “a Buy” which previously was an “a Hold”.
Price Performance Review of CRNC
On Friday, Cerence Inc [NASDAQ:CRNC] saw its stock jump 23.50% to $7.20. Over the last five days, the stock has gained 136.07%. Cerence Inc shares have fallen nearly -63.38% since the year began. Nevertheless, the stocks have fallen -57.50% over the past one year. While a 52-week high of $21.67 was reached on 02/06/24, a 52-week low of $2.34 was recorded on 08/07/24. SMA at 50 days reached $3.15, while 200 days put it at $6.37.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 6.07, which if violated will result in even more drops to 4.95. On the upside, there is a resistance level at 7.96. A further resistance level may holdings at 8.73. The Relative Strength Index (RSI) on the 14-day chart is 84.98, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.67, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 8.33%. Stochastics %K at 59.43% indicates the stock is a holding.
How much short interest is there in Cerence Inc?
A steep rise in short interest was recorded in Cerence Inc stocks on 2024-10-31, growing by 0.75 million shares to a total of 6.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.8 million shares. There was a rise of 11.51%, which implies that there is a positive sentiment for the stock.
