Cerence Inc’s recent filing unveils 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 $ 2.42 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 $2.49 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 Tuesday, Cerence Inc [NASDAQ:CRNC] saw its stock jump 1.31% to $13.92. Over the last five days, the stock has lost -15.64%. Cerence Inc shares have risen nearly 77.32% since the year began. Nevertheless, the stocks have fallen -10.65% 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 $11.73, while 200 days put it at $5.65.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 13.49, which if violated will result in even more drops to 13.06. On the upside, there is a resistance level at 14.27. A further resistance level may holdings at 14.62. The Relative Strength Index (RSI) on the 14-day chart is 53.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.45, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 51.18%. Stochastics %K at 46.64% indicates the stock is a holding.
