Caredx Inc’s filing revealed 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 $2.5 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 $7.49 million.
Wells Fargo upgraded its Caredx Inc [CDNA] rating to an Equal weight from a an Underweight in a research note published on January 15, 2025; the price target was decreased to $24 from $28. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who began to cover the stock in late August with a ‘”an Underweight”‘ rating. BTIG Research also remained covering CDNA and has increased its forecast on August 19, 2024 with a “Buy” recommendation from previously “Neutral” rating. Raymond James revised its rating on May 13, 2024. It rated CDNA as “a Mkt perform” which previously was an “an Outperform”.
Price Performance Review of CDNA
On Tuesday, Caredx Inc [NASDAQ:CDNA] saw its stock jump 5.88% to $22.70. Over the last five days, the stock has lost -9.45%. Caredx Inc shares have risen nearly 6.03% since the year began. Nevertheless, the stocks have risen 135.23% over the past one year. While a 52-week high of $34.84 was reached on 01/14/25, a 52-week low of $7.42 was recorded on 01/16/25. SMA at 50 days reached $22.93, while 200 days put it at $20.77.
Levels Of Support And Resistance For CDNA Stock
The 24-hour chart illustrates a support level at 21.68, which if violated will result in even more drops to 20.66. On the upside, there is a resistance level at 23.26. A further resistance level may holdings at 23.82. The Relative Strength Index (RSI) on the 14-day chart is 50.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.52, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 58.04%. Stochastics %K at 26.96% 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 2024-12-31, growing by 0.63 million shares to a total of 3.97 million shares. Yahoo Finance data shows the prior-month short interest on 2024-11-29 was 3.34 million shares. There was a rise of 15.93%, which implies that there is a positive sentiment for the stock.
