Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cerence Inc shares valued at $58,400 were sold by BEAUDOIN THOMAS L on Feb 03 ’25. At $11.68 per share, BEAUDOIN THOMAS L sold 5,000 shares. The insider’s holdings dropped to 173,966 shares worth approximately $2.28 million following the completion of this transaction.
Also, THOMAS L. BEAUDOIN purchased 5,000 shares, netting a total of over 58,400 in proceeds.
Before that, BEAUDOIN THOMAS L had sold 5,000 shares from its account. In a trade valued at $39,900, the Director traded Cerence Inc shares for $7.98 each. Upon closing the transaction, the insider’s holdings decreased to 5,000 shares, worth approximately $2.34 million.
As published in a research note from Needham on January 22, 2025, Cerence Inc [CRNC] has been rated up from a Hold to a Buy and the price target has been revised to $16. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early May. Earlier on February 07, 2024, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for CRNC stock which previously was a “a Buy”.
Analyzing CRNC Stock Performance
During the last five days, there has been a drop of approximately -0.91%. Over the course of the year, Cerence Inc shares have jumped approximately 66.88%. Shares of the company reached a 52-week high of $27.50 on 01/06/25 and a 52-week low of $7.58 on 01/02/25. A 50-day SMA is recorded $10.54, while a 200-day SMA reached $5.47. Nevertheless, trading volume fell to 3.28 million shares from 2.64 million shares the previous day.
Support And Resistance Levels for Cerence Inc (CRNC)
According to the 24-hour chart, there is a support level at 12.29, which, if violated, would cause prices to drop to 11.47. In the upper region, resistance lies at 13.53. The next price resistance is at 13.95. RSI (Relative Strength Index) is 53.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.97, which suggests the price will decrease in the coming days. Percent R is at 65.37%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
