Cricut Inc’s filing revealed that its EVP, General Counsel & Sec. Olsen Donald B. unloaded Company’s shares for reported $0.16 million on Nov 25 ’24. In the deal valued at $5.23 per share,30,000 shares were sold. As a result of this transaction, Olsen Donald B. now holds 625,833 shares worth roughly $3.24 million.
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Then, Olsen Donald B. bought 30,000 shares, generating $154,500 in total proceeds.
Before that, Ashish Arora sold 707 shares. Cricut Inc shares valued at $3,712 were divested by the Chief Executive Officer at a price of $5.25 per share. As a result of the transaction, Ashish Arora now holds 4,035,133 shares, worth roughly $20.86 million.
Goldman initiated its Cricut Inc [CRCT] rating to a Neutral in a research note published on December 13, 2023; the price target was $7. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in late August with a ‘”a Neutral”‘ rating. Robert W. Baird also remained covering CRCT and has decreased its forecast on March 09, 2022 with a “Neutral” recommendation from previously “an Outperform” rating. Barclays revised its rating on October 01, 2021. It rated CRCT as “an Underweight” which previously was an “an Equal weight”.
Price Performance Review of CRCT
On Tuesday, Cricut Inc [NASDAQ:CRCT] saw its stock fall -1.34% to $5.17. Over the last five days, the stock has lost -1.34%. Cricut Inc shares have fallen nearly -15.45% since the year began. Nevertheless, the stocks have fallen -19.60% over the past one year. While a 52-week high of $7.79 was reached on 05/09/24, a 52-week low of $4.11 was recorded on 03/06/24. SMA at 50 days reached $6.22, while 200 days put it at $5.85.
Levels Of Support And Resistance For CRCT Stock
The 24-hour chart illustrates a support level at 5.08, which if violated will result in even more drops to 4.99. On the upside, there is a resistance level at 5.32. A further resistance level may holdings at 5.47. The Relative Strength Index (RSI) on the 14-day chart is 36.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.12%. Stochastics %K at 14.55% indicates the stock is a buying.
How much short interest is there in Cricut Inc?
A steep rise in short interest was recorded in Cricut Inc stocks on 2024-11-15, dropping by 79392.0 shares to a total of 3.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.76 million shares. There was a decline of -2.16%, which implies that there is a negative sentiment for the stock.
