Caredx Inc’s recently made public that its Secretary and General Counsel Novack Jeffrey Adam unloaded Company’s shares for reported $49842.0 on Dec 04 ’24. In the deal valued at $26.00 per share,1,917 shares were sold. As a result of this transaction, Novack Jeffrey Adam now holds 110,237 shares worth roughly $2.57 million.
Then, Jeffrey Adam Novack bought 1,917 shares, generating $47,848 in total proceeds.
Before that, Maag Peter sold 5,000 shares. Caredx Inc shares valued at $125,000 were divested by the Director at a price of $25.00 per share. As a result of the transaction, Maag Peter now holds 330,024 shares, worth roughly $7.7 million.
Wells Fargo initiated its Caredx Inc [CDNA] rating to an Underweight in a research note published on August 28, 2024; the price target was $28. A number of analysts have revised their coverage, including BTIG Research’s analysts, who increased its forecast for the stock in mid August from “a Neutral” to “a Buy”. Raymond James also remained covering CDNA and has decreased its forecast on May 13, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Craig Hallum revised its rating on May 01, 2024. It rated CDNA as “a Buy” which previously was an “a Hold”.
Price Performance Review of CDNA
On Monday, Caredx Inc [NASDAQ:CDNA] saw its stock jump 4.52% to $23.34. Over the last five days, the stock has gained 10.67%. Caredx Inc shares have risen nearly 9.01% since the year began. Nevertheless, the stocks have risen 109.89% over the past one year. While a 52-week high of $34.84 was reached on 01/06/25, a 52-week low of $7.42 was recorded on 01/02/25. SMA at 50 days reached $22.89, while 200 days put it at $20.19.
Levels Of Support And Resistance For CDNA Stock
The 24-hour chart illustrates a support level at 22.44, which if violated will result in even more drops to 21.54. On the upside, there is a resistance level at 23.81. A further resistance level may holdings at 24.27. The Relative Strength Index (RSI) on the 14-day chart is 56.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 0.91%. Stochastics %K at 62.38% indicates the stock is a holding.
How much short interest is there in Caredx Inc?
A steep rise in short interest was recorded in Caredx Inc stocks on 2024-12-13, growing by 47003.0 shares to a total of 3.12 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-15 was 3.07 million shares. There was a rise of 1.51%, which implies that there is a positive sentiment for the stock.
