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. CARGO Therapeutics Inc shares valued at $179,775 were sold by Chapman Gina on Sep 18 ’24. At $25.09 per share, Chapman Gina sold 7,166 shares. The insider’s holdings dropped to 103,905 shares worth approximately $0.35 million following the completion of this transaction.
Also, Chapman Gina sold 2,975 shares, netting a total of over 74,457 in proceeds. Following the sale of shares at $25.03 each, the insider now holds 103,905 shares.
Before that, Radhakrishnan Anup had sold 1,600 shares from its account. In a trade valued at $40,452, the Chief Financial Officer traded CARGO Therapeutics Inc shares for $25.28 each. Upon closing the transaction, the insider’s holdings decreased to 1,600 shares, worth approximately $21851.940000000002.
As published in a research note from William Blair on January 30, 2025, CARGO Therapeutics Inc [CRGX] has been rated down from an Outperform to a Mkt perform. Analysts at Truist downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in late January. As of January 30, 2025, Piper Sandler has decreased its “an Overweight” rating to a “Neutral” for CRGX. Earlier on January 30, 2025, JP Morgan downgraded its rating. Their new recommendation was “an Underweight” for CRGX stock which previously was a “an Overweight”.
Analyzing CRGX Stock Performance
During the last five days, there has been a drop of approximately -75.51%. Over the course of the year, CARGO Therapeutics Inc shares have dropped approximately -76.49%. Shares of the company reached a 52-week high of $15.83 on 01/02/25 and a 52-week low of $3.00 on 01/30/25. A 50-day SMA is recorded $14.66, while a 200-day SMA reached $17.68. Nevertheless, trading volume fell to 21.26 million shares from 5.44 million shares the previous day.
Support And Resistance Levels for CARGO Therapeutics Inc (CRGX)
According to the 24-hour chart, there is a support level at 3.10, which, if violated, would cause prices to drop to 2.80. In the upper region, resistance lies at 3.59. The next price resistance is at 3.78. RSI (Relative Strength Index) is 19.27 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.06, which suggests the price will decrease in the coming days. Percent R is at 96.66%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
