In a filing, Radnet Inc revealed its Officer Katz David Jeffrey acquired Company’s shares for reported $1.01 million on Nov 25 ’24. In the deal valued at $82.04 per share,12,300 shares were bought.
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Then, Jayanathan Ranjan sold 38,557 shares, generating $3,084,560 in total proceeds. Upon selling the shares at $80.00, the Chief Information Officer now owns 192,724 shares.
Before that, Jayanathan Ranjan bought 38,557 shares. Radnet Inc shares valued at $3,470,130 were divested by the Officer at a price of $90.00 per share.
Barclays upgraded its Radnet Inc [RDNT] rating to an Overweight from a an Equal weight in a research note published on September 06, 2024; the price target was increased to $79 from $57. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Truist began covering RDNT with “Buy” recommendation on August 31, 2023. CJS Securities started covering the stock on March 31, 2023. It rated RDNT as “a Market outperform”.
Price Performance Review of RDNT
On Monday, Radnet Inc [NASDAQ:RDNT] saw its stock fall -0.69% to $81.47. Over the last five days, the stock has gained 3.01%. Radnet Inc shares have risen nearly 134.31% since the year began. Nevertheless, the stocks have risen 151.76% over the past one year. While a 52-week high of $93.65 was reached on 11/11/24, a 52-week low of $32.01 was recorded on 01/03/24. SMA at 50 days reached $71.31, while 200 days put it at $58.79.
Levels Of Support And Resistance For RDNT Stock
The 24-hour chart illustrates a support level at 80.15, which if violated will result in even more drops to 78.82. On the upside, there is a resistance level at 83.31. A further resistance level may holdings at 85.14. The Relative Strength Index (RSI) on the 14-day chart is 64.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.11, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 46.81%. Stochastics %K at 54.97% indicates the stock is a holding.
How much short interest is there in Radnet Inc?
A steep rise in short interest was recorded in Radnet Inc stocks on 2024-10-31, growing by 0.48 million shares to a total of 3.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 3.22 million shares. There was a rise of 13.06%, which implies that there is a positive sentiment for the stock.
