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. Candel Therapeutics Inc shares valued at $119,380 were purchased by Tyagarajan Seshu on Jan 08 ’25. At $8.35 per share, Tyagarajan Seshu acquired 14,297 shares.
Also, Tak Paul Peter purchased 20,811 shares, netting a total of over 173,772 in proceeds.
Before that, Nichols William Garrett had added 10,614 shares to its account. In a trade valued at $88,627, the Officer bought Candel Therapeutics Inc shares for $8.35 each.
As published in their initiating research note from H.C. Wainwright on December 02, 2022, Candel Therapeutics Inc [CADL] has been a Buy and the price target has been revised to $11. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid November. As of August 23, 2021, UBS has initiated its “Buy” rating for CADL. Earlier on August 23, 2021, Jefferies initiated its rating. Their recommendation was “a Buy” for CADL stock.
Analyzing CADL Stock Performance
During the last five days, there has been a surge of approximately 0.58%. Over the course of the year, Candel Therapeutics Inc shares have jumped approximately 0.58%. Shares of the company reached a 52-week high of $9.40 on 01/06/25 and a 52-week low of $7.95 on 01/08/25. A 50-day SMA is recorded $6.12, while a 200-day SMA reached $6.49. Nevertheless, trading volume fell to 1.49 million shares from 0.73 million shares the previous day.
Support And Resistance Levels for Candel Therapeutics Inc (CADL)
According to the 24-hour chart, there is a support level at 8.20, which, if violated, would cause prices to drop to 7.67. In the upper region, resistance lies at 9.01. The next price resistance is at 9.30. RSI (Relative Strength Index) is 57.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.07, which suggests the price will decrease in the coming days. Percent R is at 38.82%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
