Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Caredx Inc shares valued at $49,842 were sold by Novack Jeffrey Adam on Dec 04 ’24. At $26.00 per share, Novack Jeffrey Adam sold 1,917 shares. The insider’s holdings dropped to 110,237 shares worth approximately $2.49 million following the completion of this transaction.
Also, Jeffrey Adam Novack purchased 1,917 shares, netting a total of over 47,848 in proceeds.
Before that, Maag Peter had sold 5,000 shares from its account. In a trade valued at $125,000, the Director traded Caredx Inc shares for $25.00 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $7.45 million.
As published in a research note from Wells Fargo on January 15, 2025, Caredx Inc [CDNA] has been rated up from an Underweight to an Equal weight and the price target has been revised to $24 from $28. Analysts at Wells Fargo started covering the stock with ‘”an Underweight”‘ outlook in a report released in late August. As of August 19, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for CDNA. Earlier on May 13, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for CDNA stock which previously was a “an Outperform”.
Analyzing CDNA Stock Performance
During the last five days, there has been a drop of approximately -2.72%. Over the course of the year, Caredx Inc shares have jumped approximately 5.37%. Shares of the company reached a 52-week high of $25.95 on 01/14/25 and a 52-week low of $21.09 on 01/16/25. A 50-day SMA is recorded $22.87, while a 200-day SMA reached $21.17. Nevertheless, trading volume fell to 0.52 million shares from 0.77 million shares the previous day.
Support And Resistance Levels for Caredx Inc (CDNA)
According to the 24-hour chart, there is a support level at 22.02, which, if violated, would cause prices to drop to 21.48. In the upper region, resistance lies at 23.05. The next price resistance is at 23.53. RSI (Relative Strength Index) is 49.14 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 69.75%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
