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 $81,829 were sold by Novack Jeffrey Adam on Feb 04 ’25. At $23.30 per share, Novack Jeffrey Adam sold 3,512 shares. The insider’s holdings dropped to 104,677 shares worth approximately $2.6 million following the completion of this transaction.
Also, Jeffrey Adam Novack purchased 3,512 shares, netting a total of over 81,900 in proceeds.
Before that, Novack Jeffrey Adam had sold 1,917 shares from its account. In a trade valued at $49,842, the Secretary and General Counsel traded Caredx Inc shares for $26.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,917 shares, worth approximately $2.74 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 surge of approximately 9.43%. Over the course of the year, Caredx Inc shares have jumped approximately 16.02%. 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 $22.96, while a 200-day SMA reached $22.01. Nevertheless, trading volume fell to 0.89 million shares from 1.59 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 24.02, which, if violated, would cause prices to drop to 23.20. In the upper region, resistance lies at 25.36. The next price resistance is at 25.88. RSI (Relative Strength Index) is 57.82 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.59, which suggests the price will decrease in the coming days. Percent R is at 5.96%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
