Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. QuidelOrtho Corporation shares valued at $249,878 were purchased by Blaser Brian J. on Dec 11 ’24. At $41.42 per share, Blaser Brian J. acquired 6,033 shares. The insider’s holdings grew to 6,033 shares worth approximately $0.27 million following the completion of this transaction.
Also, Robert Bujarski purchased 20,000 shares, netting a total of over 808,000 in proceeds.
Before that, Carlyle Group Inc. had sold 8,260,183 shares from its account. In a trade valued at $291,700,102, the 10% Owner traded QuidelOrtho Corporation shares for $35.31 each. Upon closing the transaction, the insider’s holdings decreased to 8,260,183 shares, worth approximately $0.0.
As published in a research note from Citigroup on December 11, 2024, QuidelOrtho Corporation [QDEL] has been rated up from a Neutral to a Buy and the price target has been revised to $50 from $44. Analysts at Jefferies started covering the stock with ‘”a Hold”‘ outlook in a report released in early December. Earlier on September 05, 2024, Craig Hallum upgraded its rating. Their new recommendation was “a Buy” for QDEL stock which previously was a “a Hold”.
Analyzing QDEL Stock Performance
During the last five days, there has been a surge of approximately 1.03%. Over the course of the year, QuidelOrtho Corporation shares have jumped approximately 1.10%. Shares of the company reached a 52-week high of $45.91 on 01/02/25 and a 52-week low of $44.68 on 01/02/25. A 50-day SMA is recorded $40.69, while a 200-day SMA reached $41.05. Nevertheless, trading volume fell to 0.59 million shares from 0.61 million shares the previous day.
Support And Resistance Levels for QuidelOrtho Corporation (QDEL)
According to the 24-hour chart, there is a support level at 44.51, which, if violated, would cause prices to drop to 43.98. In the upper region, resistance lies at 45.74. The next price resistance is at 46.44. RSI (Relative Strength Index) is 62.34 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 17.69%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
