Cerence Inc’s filing revealed that its Director BEAUDOIN THOMAS L unloaded Company’s shares for reported $58400.0 on Feb 03 ’25. In the deal valued at $11.68 per share,5,000 shares were sold. As a result of this transaction, BEAUDOIN THOMAS L now holds 173,966 shares worth roughly $2.87 million.
Then, THOMAS L. BEAUDOIN bought 5,000 shares, generating $58,400 in total proceeds.
Before that, BEAUDOIN THOMAS L sold 5,000 shares. Cerence Inc shares valued at $39,900 were divested by the Director at a price of $7.98 per share. As a result of the transaction, BEAUDOIN THOMAS L now holds 178,966 shares, worth roughly $2.95 million.
Needham upgraded its Cerence Inc [CRNC] rating to a Buy from a a Hold in a research note published recently. A number of analysts have revised their coverage, including Wells Fargo’s analysts, who decreased its forecast for the stock in early May from “an Overweight” to “an Equal weight”. Craig Hallum revised its rating on February 07, 2024. It rated CRNC as “a Hold” which previously was an “a Buy”.
Price Performance Review of CRNC
On Monday, Cerence Inc [NASDAQ:CRNC] saw its stock jump 13.95% to $16.50. Over the last five days, the stock has gained 45.12%. Cerence Inc shares have risen nearly 110.19% since the year began. Nevertheless, the stocks have risen 3.38% over the past one year. While a 52-week high of $27.50 was reached on 01/06/25, a 52-week low of $2.34 was recorded on 01/02/25. SMA at 50 days reached $11.02, while 200 days put it at $5.54.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 15.11, which if violated will result in even more drops to 13.73. On the upside, there is a resistance level at 17.31. A further resistance level may holdings at 18.13. The Relative Strength Index (RSI) on the 14-day chart is 64.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.10, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.36%. Stochastics %K at 61.26% indicates the stock is a holding.
How much short interest is there in Cerence Inc?
A steep rise in short interest was recorded in Cerence Inc stocks on 2024-10-31, growing by 0.75 million shares to a total of 6.56 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 5.8 million shares. There was a rise of 11.51%, which implies that there is a positive sentiment for the stock.
