The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. CVRx Inc shares valued at $334,106 were purchased by Behbahani Ali on Nov 29 ’24. At $15.30 per share, Behbahani Ali acquired 21,837 shares.
Also, VERRASTRO PAUL sold 1,430 shares, netting a total of over 19,417 in proceeds. Following the sale of shares at $13.58 each, the insider now holds 1,875 shares.
Before that, PAUL VERRASTRO had added 1,430 shares to its account. In a trade valued at $19,417, the Officer bought CVRx Inc shares for $13.58 each.
As published in their initiating research note from Cantor Fitzgerald on September 10, 2024, CVRx Inc [CVRX] has been an Overweight and the price target has been revised to $14. Analysts at Lake Street resumed the stock at ‘”a Buy”‘ outlook in a report released in mid July. Earlier on May 01, 2024, William Blair downgraded its rating. Their new recommendation was “a Mkt perform” for CVRX stock which previously was a “an Outperform”.
Analyzing CVRX Stock Performance
During the last five days, there has been a surge of approximately 11.84%. Over the course of the year, CVRx Inc shares have jumped approximately 11.84%. Shares of the company reached a 52-week high of $14.23 on 01/07/25 and a 52-week low of $12.80 on 01/02/25. A 50-day SMA is recorded $13.85, while a 200-day SMA reached $11.19. Nevertheless, trading volume fell to 0.11 million shares from 0.12 million shares the previous day.
Support And Resistance Levels for CVRx Inc (CVRX)
According to the 24-hour chart, there is a support level at 13.94, which, if violated, would cause prices to drop to 13.71. In the upper region, resistance lies at 14.30. The next price resistance is at 14.42. RSI (Relative Strength Index) is 57.76 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.91, which suggests the price will decrease in the coming days. Percent R is at 2.11%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
