Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cadre Holdings Inc shares valued at $1,677,500 were sold by KANDERS WARREN B on Nov 26 ’24. At $33.55 per share, KANDERS WARREN B sold 50,000 shares. The insider’s holdings dropped to 11,682,211 shares worth approximately $390.77 million following the completion of this transaction.
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Also, SOKOLOW NICOLAS sold 5,000 shares, netting a total of over 166,250 in proceeds. Following the sale of shares at $33.25 each, the insider now holds 482,620 shares.
Before that, SOKOLOW NICOLAS had sold 1,095 shares from its account. In a trade valued at $37,340, the Director traded Cadre Holdings Inc shares for $34.10 each. Upon closing the transaction, the insider’s holdings decreased to 1,095 shares, worth approximately $2.78 million.
As published in a research note from ROTH MKM on February 21, 2024, Cadre Holdings Inc [CDRE] has been retained to a Buy and the price target has been revised to $38. Analysts at Raymond James downgraded the stock from ‘”an Outperform”‘ to ‘”a Mkt perform”‘ outlook in a report released in late January. As of September 06, 2022, BofA Securities has initiated its “Buy” rating for CDRE. Earlier on August 31, 2022, Jefferies initiated its rating. Their recommendation was “a Buy” for CDRE stock.
Analyzing CDRE Stock Performance
During the last five days, there has been a surge of approximately 3.15%. Over the course of the year, Cadre Holdings Inc shares have jumped approximately 1.70%. Shares of the company reached a 52-week high of $40.28 on 10/11/24 and a 52-week low of $29.18 on 05/08/24. A 50-day SMA is recorded $36.37, while a 200-day SMA reached $34.98. Nevertheless, trading volume fell to 0.29 million shares from 0.21 million shares the previous day.
Support And Resistance Levels for Cadre Holdings Inc (CDRE)
According to the 24-hour chart, there is a support level at 33.06, which, if violated, would cause prices to drop to 32.66. In the upper region, resistance lies at 33.80. The next price resistance is at 34.14. RSI (Relative Strength Index) is 43.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.26, which suggests the price will decrease in the coming days. Percent R is at 46.13%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
