Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Radnet Inc shares valued at $1,004,252 were sold by Katz David Jeffrey on Nov 25 ’24. At $81.65 per share, Katz David Jeffrey sold 12,300 shares. The insider’s holdings dropped to 62,909 shares worth approximately $4.98 million following the completion of this transaction.
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Also, Katz David Jeffrey purchased 12,300 shares, netting a total of over 1,009,092 in proceeds.
Before that, Jayanathan Ranjan had sold 38,557 shares from its account. In a trade valued at $3,084,560, the Chief Information Officer traded Radnet Inc shares for $80.00 each. Upon closing the transaction, the insider’s holdings decreased to 38,557 shares, worth approximately $15.26 million.
As published in a research note from Barclays on September 06, 2024, Radnet Inc [RDNT] has been rated up from an Equal weight to an Overweight and the price target has been revised to $79 from $57. Analysts at Barclays started covering the stock with ‘”an Equal weight”‘ outlook in a report released in early March. As of August 31, 2023, Truist has initiated its “Buy” rating for RDNT. Earlier on March 31, 2023, CJS Securities initiated its rating. Their recommendation was “a Market outperform” for RDNT stock.
Analyzing RDNT Stock Performance
During the last five days, there has been a drop of approximately -4.04%. Over the course of the year, Radnet Inc shares have jumped approximately 127.67%. Shares of the company reached a 52-week high of $93.65 on 11/11/24 and a 52-week low of $33.44 on 01/03/24. A 50-day SMA is recorded $73.00, while a 200-day SMA reached $60.30. Nevertheless, trading volume fell to 0.53 million shares from 0.14 million shares the previous day.
Support And Resistance Levels for Radnet Inc (RDNT)
According to the 24-hour chart, there is a support level at 78.11, which, if violated, would cause prices to drop to 77.05. In the upper region, resistance lies at 80.22. The next price resistance is at 81.28. RSI (Relative Strength Index) is 53.63 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.83, which suggests the price will decrease in the coming days. Percent R is at 77.48%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
