Conduit Pharmaceuticals Inc’s filing revealed that its 10% Owner Nirland Ltd unloaded Company’s shares for reported $0.16 million on Oct 03 ’24. In the deal valued at $0.10 per share,1,500,000 shares were sold. As a result of this transaction, Nirland Ltd now holds 8,400,000 shares worth roughly $0.76 million.
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Then, Nirland Ltd sold 1,368,991 shares, generating $140,458 in total proceeds. Upon selling the shares at $0.10, the 10% Owner now owns 7,031,009 shares.
Before that, Nirland Ltd sold 939,009 shares. Conduit Pharmaceuticals Inc shares valued at $96,530 were divested by the 10% Owner at a price of $0.10 per share. As a result of the transaction, Nirland Ltd now holds 6,092,000 shares, worth roughly $0.55 million.
Price Performance Review of CDT
On Monday, Conduit Pharmaceuticals Inc [NASDAQ:CDT] saw its stock fall -3.01% to $0.09. Over the last five days, the stock has lost -14.33%. Conduit Pharmaceuticals Inc shares have fallen nearly -98.02% since the year began. Nevertheless, the stocks have fallen -97.45% over the past one year. While a 52-week high of $7.83 was reached on 01/05/24, a 52-week low of $0.08 was recorded on 11/01/24. SMA at 50 days reached $0.1024, while 200 days put it at $1.3408.
Levels Of Support And Resistance For CDT Stock
The 24-hour chart illustrates a support level at 0.0880, which if violated will result in even more drops to 0.0858. On the upside, there is a resistance level at 0.0931. A further resistance level may holdings at 0.0960. The Relative Strength Index (RSI) on the 14-day chart is 43.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0047, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.77%. Stochastics %K at 13.41% indicates the stock is a buying.
How much short interest is there in Conduit Pharmaceuticals Inc?
A steep rise in short interest was recorded in Conduit Pharmaceuticals Inc stocks on 2024-10-31, growing by 2.12 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.45 million shares. There was a rise of 59.49%, which implies that there is a positive sentiment for the stock.
