Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Crexendo Inc shares valued at $522,668 were sold by Wang David Tzat-kin on Dec 16 ’24. At $4.90 per share, Wang David Tzat-kin sold 106,667 shares. The insider’s holdings dropped to 443,079 shares worth approximately $2.38 million following the completion of this transaction.
Also, Wang David Tzat-kin sold 12,293 shares, netting a total of over 63,309 in proceeds. Following the sale of shares at $5.15 each, the insider now holds 443,079 shares.
Before that, Buch Anand had sold 159,999 shares from its account. In a trade valued at $783,995, the Chief Strategy Officer traded Crexendo Inc shares for $4.90 each. Upon closing the transaction, the insider’s holdings decreased to 159,999 shares, worth approximately $2.98 million.
As published in a research note from B. Riley Securities on May 08, 2024, Crexendo Inc [CXDO] has been rated up from a Neutral to a Buy and the price target has been revised to $5.75 from $6.75. Analysts at B. Riley Securities downgraded the stock from ‘”a Buy”‘ to ‘”a Neutral”‘ outlook in a report released in late January. As of September 27, 2022, Northland Capital has initiated its “an Outperform” rating for CXDO. Earlier on November 22, 2021, Lake Street initiated its rating. Their recommendation was “a Buy” for CXDO stock.
Analyzing CXDO Stock Performance
During the last five days, there has been a surge of approximately 2.87%. Over the course of the year, Crexendo Inc shares have jumped approximately 2.87%. Shares of the company reached a 52-week high of $6.01 on 01/06/25 and a 52-week low of $5.20 on 01/08/25. A 50-day SMA is recorded $5.34, while a 200-day SMA reached $4.54. Nevertheless, trading volume fell to 0.15 million shares from 0.11 million shares the previous day.
Support And Resistance Levels for Crexendo Inc (CXDO)
According to the 24-hour chart, there is a support level at 5.16, which, if violated, would cause prices to drop to 4.95. In the upper region, resistance lies at 5.63. The next price resistance is at 5.89. RSI (Relative Strength Index) is 50.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.27, which suggests the price will decrease in the coming days. Percent R is at 47.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
