Cadence Design Systems, Inc’s filing revealed that its Sr. Vice President TENG CHIN-CHI unloaded Company’s shares for reported $1.79 million on Nov 22 ’24. In the deal valued at $310.17 per share,5,758 shares were sold. As a result of this transaction, TENG CHIN-CHI now holds 93,275 shares worth roughly $28.62 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, CHIN-CHI TENG bought 5,758 shares, generating $1,785,968 in total proceeds.
Before that, BECKLEY THOMAS P bought 53,074 shares. Cadence Design Systems, Inc shares valued at $16,632,490 were divested by the Former Affiliate at a price of $313.38 per share.
Wells Fargo initiated its Cadence Design Systems, Inc [CDNS] rating to an Overweight in a research note published on November 22, 2024; the price target was $350. A number of analysts have revised their coverage, including Loop Capital’s analysts, who began to cover the stock in mid November with a ‘”a Buy”‘ rating. Mizuho began covering CDNS with “an Outperform” recommendation on October 22, 2024. Berenberg started covering the stock on October 15, 2024. It rated CDNS as “a Buy”.
Price Performance Review of CDNS
On Friday, Cadence Design Systems, Inc [NASDAQ:CDNS] saw its stock jump 0.70% to $306.81. Over the last five days, the stock has gained 0.10%. Cadence Design Systems, Inc shares have risen nearly 12.64% since the year began. Nevertheless, the stocks have risen 11.48% over the past one year. While a 52-week high of $328.99 was reached on 06/20/24, a 52-week low of $241.29 was recorded on 08/05/24. SMA at 50 days reached $281.30, while 200 days put it at $288.62.
Levels Of Support And Resistance For CDNS Stock
The 24-hour chart illustrates a support level at 303.97, which if violated will result in even more drops to 301.13. On the upside, there is a resistance level at 309.97. A further resistance level may holdings at 313.13. The Relative Strength Index (RSI) on the 14-day chart is 59.77, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 33.10%. Stochastics %K at 61.98% indicates the stock is a holding.
How much short interest is there in Cadence Design Systems, Inc?
A steep rise in short interest was recorded in Cadence Design Systems, Inc stocks on 2024-11-15, growing by 0.34 million shares to a total of 3.63 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 3.29 million shares. There was a rise of 9.39%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on September 25, 2024 when Oppenheimer began covering the stock and recommended ‘”an Underperform”‘ rating along with a $225 price target.
