Radnet Inc’s filing revealed that its EVP and Chief Legal Officer Katz David Jeffrey unloaded Company’s shares for reported $1.0 million on Nov 25 ’24. In the deal valued at $81.65 per share,12,300 shares were sold. As a result of this transaction, Katz David Jeffrey now holds 62,909 shares worth roughly $4.22 million.
Then, Katz David Jeffrey bought 12,300 shares, generating $1,009,092 in total proceeds.
Before that, Jayanathan Ranjan sold 38,557 shares. Radnet Inc shares valued at $3,084,560 were divested by the Chief Information Officer at a price of $80.00 per share. As a result of the transaction, Jayanathan Ranjan now holds 192,724 shares, worth roughly $12.94 million.
Barclays upgraded its Radnet Inc [RDNT] rating to an Overweight from a an Equal weight in a research note published on September 06, 2024; the price target was increased to $79 from $57. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Truist began covering RDNT with “Buy” recommendation on August 31, 2023. CJS Securities started covering the stock on March 31, 2023. It rated RDNT as “a Market outperform”.
Price Performance Review of RDNT
On Tuesday, Radnet Inc [NASDAQ:RDNT] saw its stock jump 0.83% to $67.15. Over the last five days, the stock has gained 1.84%. Radnet Inc shares have fallen nearly -3.85% since the year began. Nevertheless, the stocks have risen 75.74% over the past one year. While a 52-week high of $93.65 was reached on 01/06/25, a 52-week low of $35.16 was recorded on 01/15/25. SMA at 50 days reached $72.68, while 200 days put it at $65.03.
Levels Of Support And Resistance For RDNT Stock
The 24-hour chart illustrates a support level at 66.09, which if violated will result in even more drops to 65.04. On the upside, there is a resistance level at 68.00. A further resistance level may holdings at 68.86. The Relative Strength Index (RSI) on the 14-day chart is 48.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.19, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.58%. Stochastics %K at 77.60% indicates the stock is a holding.
How much short interest is there in Radnet Inc?
A steep rise in short interest was recorded in Radnet Inc stocks on 2025-01-15, growing by 0.96 million shares to a total of 4.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-12-13 was 3.89 million shares. There was a rise of 19.78%, which implies that there is a positive sentiment for the stock.
