Crexendo Inc’s recently made public that its Chief Technology Officer Wang David Tzat-kin unloaded Company’s shares for reported $0.52 million on Dec 16 ’24. In the deal valued at $4.90 per share,106,667 shares were sold. As a result of this transaction, Wang David Tzat-kin now holds 443,079 shares worth roughly $2.33 million.
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Then, Wang David Tzat-kin sold 12,293 shares, generating $63,309 in total proceeds. Upon selling the shares at $5.15, the Chief Technology Officer now owns 443,079 shares.
Before that, Buch Anand sold 159,999 shares. Crexendo Inc shares valued at $783,995 were divested by the Chief Strategy Officer at a price of $4.90 per share. As a result of the transaction, Buch Anand now holds 553,502 shares, worth roughly $2.91 million.
B. Riley Securities upgraded its Crexendo Inc [CXDO] rating to a Buy from a a Neutral in a research note published on May 08, 2024; the price target was decreased to $5.75 from $6.75. A number of analysts have revised their coverage, including B. Riley Securities’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Northland Capital began covering CXDO with “an Outperform” recommendation on September 27, 2022. Lake Street started covering the stock on November 22, 2021. It rated CXDO as “a Buy”.
Price Performance Review of CXDO
On Tuesday, Crexendo Inc [NASDAQ:CXDO] saw its stock jump 2.54% to $5.25. Over the last five days, the stock has lost -0.94%. Crexendo Inc shares have risen nearly 8.25% since the year began. Nevertheless, the stocks have risen 19.86% over the past one year. While a 52-week high of $7.59 was reached on 02/16/24, a 52-week low of $2.92 was recorded on 06/26/24. SMA at 50 days reached $5.38, while 200 days put it at $4.52.
Levels Of Support And Resistance For CXDO Stock
The 24-hour chart illustrates a support level at 5.09, which if violated will result in even more drops to 4.93. On the upside, there is a resistance level at 5.33. A further resistance level may holdings at 5.41. The Relative Strength Index (RSI) on the 14-day chart is 51.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.05, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.01%. Stochastics %K at 55.27% indicates the stock is a holding.
How much short interest is there in Crexendo Inc?
A steep rise in short interest was recorded in Crexendo Inc stocks on 2024-11-29, dropping by 22588.0 shares to a total of 0.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-31 was 0.19 million shares. There was a decline of -13.12%, which implies that there is a negative sentiment for the stock.
