Conduit Pharmaceuticals Inc’s recent filing unveils that its 10% Owner Nirland Ltd unloaded Company’s shares for reported $0.16 million on Oct 03 ’24. In the deal valued at $0.10 per share,1,500,000 shares were sold. As a result of this transaction, Nirland Ltd now holds 8,400,000 shares worth roughly $0.59 million.
Then, Nirland Ltd sold 1,368,991 shares, generating $140,458 in total proceeds. Upon selling the shares at $0.10, the 10% Owner now owns 7,031,009 shares.
Before that, Nirland Ltd sold 939,009 shares. Conduit Pharmaceuticals Inc shares valued at $96,530 were divested by the 10% Owner at a price of $0.10 per share. As a result of the transaction, Nirland Ltd now holds 6,092,000 shares, worth roughly $0.43 million.
Price Performance Review of CDT
On Tuesday, Conduit Pharmaceuticals Inc [NASDAQ:CDT] saw its stock fall -6.25% to $0.07. Over the last five days, the stock has lost -27.58%. Conduit Pharmaceuticals Inc shares have fallen nearly -1.60% since the year began. Nevertheless, the stocks have fallen -97.61% over the past one year. While a 52-week high of $3.92 was reached on 01/10/25, a 52-week low of $0.05 was recorded on 01/21/25. SMA at 50 days reached $0.0866, while 200 days put it at $0.9238.
Levels Of Support And Resistance For CDT Stock
The 24-hour chart illustrates a support level at 0.0641, which if violated will result in even more drops to 0.0606. On the upside, there is a resistance level at 0.0719. A further resistance level may holdings at 0.0762. The Relative Strength Index (RSI) on the 14-day chart is 44.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0108, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.84%. Stochastics %K at 10.12% indicates the stock is a buying.
How much short interest is there in Conduit Pharmaceuticals Inc?
A steep rise in short interest was recorded in Conduit Pharmaceuticals Inc stocks on 2024-10-31, growing by 2.12 million shares to a total of 3.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 1.45 million shares. There was a rise of 59.49%, which implies that there is a positive sentiment for the stock.
