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Candel Therapeutics Inc (CADL) gets rating Initiated from H.C. Wainwright

Candel Therapeutics Inc’s filing revealed that its Officer Tyagarajan Seshu acquired Company’s shares for reported $91813.0 on Nov 29 ’24. In the deal valued at $4.95 per share,18,548 shares were bought.

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Then, Tak Paul Peter bought 44,433 shares, generating $219,943 in total proceeds.

Before that, Nichols William Garrett bought 12,675 shares. Candel Therapeutics Inc shares valued at $62,741 were divested by the Officer at a price of $4.95 per share.

H.C. Wainwright initiated its Candel Therapeutics Inc [CADL] rating to a Buy in a research note published on December 02, 2022; the price target was $11. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who began to cover the stock in mid November with a ‘”an Outperform”‘ rating. UBS began covering CADL with “Buy” recommendation on August 23, 2021. Jefferies started covering the stock on August 23, 2021. It rated CADL as “a Buy”.

Price Performance Review of CADL

On Friday, Candel Therapeutics Inc [NASDAQ:CADL] saw its stock fall -4.95% to $4.70. Over the last five days, the stock has gained 13.78%. Candel Therapeutics Inc shares have risen nearly 220.07% since the year began. Nevertheless, the stocks have risen 447.09% over the past one year. While a 52-week high of $14.30 was reached on 05/16/24, a 52-week low of $0.77 was recorded on 01/29/24. SMA at 50 days reached $5.60, while 200 days put it at $5.75.

Levels Of Support And Resistance For CADL Stock

The 24-hour chart illustrates a support level at 4.45, which if violated will result in even more drops to 4.20. On the upside, there is a resistance level at 4.95. A further resistance level may holdings at 5.20. The Relative Strength Index (RSI) on the 14-day chart is 46.58, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 48.46%. Stochastics %K at 60.69% indicates the stock is a holding.

How much short interest is there in Candel Therapeutics Inc?

A steep rise in short interest was recorded in Candel Therapeutics Inc stocks on 2024-10-31, growing by 0.19 million shares to a total of 1.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.59 million shares. There was a rise of 10.79%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on August 23, 2021 when Credit Suisse began covering the stock and recommended ‘”an Outperform”‘ rating along with a $15 price target.

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