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Understanding the Risks of Investing in QuidelOrtho Corporation (QDEL)

QuidelOrtho Corporation’s filing revealed that its President and CEO Blaser Brian J. acquired Company’s shares for reported $0.25 million on Dec 11 ’24. In the deal valued at $41.42 per share,6,033 shares were bought. As a result of this transaction, Blaser Brian J. now holds 6,033 shares worth roughly $0.27 million.

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Then, Robert Bujarski bought 20,000 shares, generating $808,000 in total proceeds.

Before that, Carlyle Group Inc. sold 8,260,183 shares. QuidelOrtho Corporation shares valued at $291,700,102 were divested by the 10% Owner at a price of $35.31 per share. As a result of the transaction, Carlyle Group Inc. now holds 0 shares, worth roughly $0.0.

Citigroup upgraded its QuidelOrtho Corporation [QDEL] rating to a Buy from a a Neutral in a research note published on December 11, 2024; the price target was increased to $50 from $44. A number of analysts have revised their coverage, including Jefferies’s analysts, who began to cover the stock in early December with a ‘”a Hold”‘ rating. Craig Hallum revised its rating on September 05, 2024. It rated QDEL as “a Buy” which previously was an “a Hold”.

Price Performance Review of QDEL

On Monday, QuidelOrtho Corporation [NASDAQ:QDEL] saw its stock fall -0.40% to $44.66. Over the last five days, the stock has gained 1.87%. QuidelOrtho Corporation shares have fallen nearly -39.40% since the year began. Nevertheless, the stocks have fallen -39.47% over the past one year. While a 52-week high of $75.86 was reached on 01/02/24, a 52-week low of $29.74 was recorded on 07/10/24. SMA at 50 days reached $40.18, while 200 days put it at $41.14.

Levels Of Support And Resistance For QDEL Stock

The 24-hour chart illustrates a support level at 44.07, which if violated will result in even more drops to 43.47. On the upside, there is a resistance level at 45.28. A further resistance level may holdings at 45.89. The Relative Strength Index (RSI) on the 14-day chart is 61.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.68, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.18%. Stochastics %K at 80.71% indicates the stock is a selling.

How much short interest is there in QuidelOrtho Corporation?

A steep rise in short interest was recorded in QuidelOrtho Corporation stocks on 2024-11-29, dropping by -0.24 million shares to a total of 3.91 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 4.15 million shares. There was a decline of -6.05%, which implies that there is a negative sentiment for the stock.

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