The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. QuidelOrtho Corporation shares valued at $291,700,102 were sold by Carlyle Group Inc. on Nov 21 ’24. At $35.31 per share, Carlyle Group Inc. sold 8,260,183 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, Carlyle Group Inc. sold 74,134 shares, netting a total of over 3,078,980 in proceeds. Following the sale of shares at $41.53 each, the insider now holds 8,260,183 shares.
Before that, Carlyle Group Inc. had sold 106,705 shares from its account. In a trade valued at $4,382,446, the 10% Owner traded QuidelOrtho Corporation shares for $41.07 each. Upon closing the transaction, the insider’s holdings decreased to 106,705 shares, worth approximately $342.71 million.
Analysts at Craig Hallum upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in early September. As of March 04, 2024, UBS has decreased its “Neutral” rating to a “Sell” for QDEL. Earlier on February 14, 2024, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for QDEL stock which previously was a “a Neutral”.
Analyzing QDEL Stock Performance
During the last five days, there has been a surge of approximately 9.71%. Over the course of the year, QuidelOrtho Corporation shares have dropped approximately -44.21%. Shares of the company reached a 52-week high of $75.82 on 01/02/24 and a 52-week low of $29.74 on 07/10/24. A 50-day SMA is recorded $41.07, while a 200-day SMA reached $41.48. Nevertheless, trading volume fell to 0.73 million shares from 0.96 million shares the previous day.
Support And Resistance Levels for QuidelOrtho Corporation (QDEL)
According to the 24-hour chart, there is a support level at 40.45, which, if violated, would cause prices to drop to 39.77. In the upper region, resistance lies at 42.19. The next price resistance is at 43.25. RSI (Relative Strength Index) is 54.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.25, which suggests the price will increase in the coming days. Percent R is at 46.92%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
