Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cardlytics Inc shares valued at $32,468 were sold by DeSieno Alexis on Jan 03 ’25. At $3.67 per share, DeSieno Alexis sold 8,854 shares. The insider’s holdings dropped to 121,976 shares worth approximately $0.41 million following the completion of this transaction.
Also, Lynton Nicholas Hollmeyer sold 6,464 shares, netting a total of over 23,703 in proceeds. Following the sale of shares at $3.67 each, the insider now holds 91,771 shares.
Before that, Gupta Amit had sold 5,964 shares from its account. In a trade valued at $21,870, the Chief Executive Officer traded Cardlytics Inc shares for $3.67 each. Upon closing the transaction, the insider’s holdings decreased to 5,964 shares, worth approximately $0.63 million.
As published in their initiating research note from Evercore ISI on October 11, 2024, Cardlytics Inc [CDLX] has been an In-line and the price target has been revised to $4. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid August. As of August 15, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for CDLX. Earlier on August 08, 2024, Needham downgraded its rating. Their new recommendation was “a Hold” for CDLX stock which previously was a “a Buy”.
Analyzing CDLX Stock Performance
During the last five days, there has been a drop of approximately -9.70%. Over the course of the year, Cardlytics Inc shares have dropped approximately -9.70%. Shares of the company reached a 52-week high of $3.92 on 01/06/25 and a 52-week low of $3.22 on 01/08/25. A 50-day SMA is recorded $3.90, while a 200-day SMA reached $6.81. Nevertheless, trading volume fell to 0.78 million shares from 0.91 million shares the previous day.
Support And Resistance Levels for Cardlytics Inc (CDLX)
According to the 24-hour chart, there is a support level at 3.23, which, if violated, would cause prices to drop to 3.12. In the upper region, resistance lies at 3.45. The next price resistance is at 3.56. RSI (Relative Strength Index) is 37.91 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.25, which suggests the price will decrease in the coming days. Percent R is at 82.19%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
