Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cardlytics Inc shares valued at $173,462 were sold by Gupta Amit on Feb 19 ’25. At $3.18 per share, Gupta Amit sold 54,565 shares. The insider’s holdings dropped to 364,072 shares worth approximately $1.08 million following the completion of this transaction.
Also, Gupta Amit sold 46,857 shares, netting a total of over 159,220 in proceeds. Following the sale of shares at $3.40 each, the insider now holds 418,637 shares.
Before that, Gupta Amit had added 54,565 shares to its account. In a trade valued at $173,478, the Officer bought Cardlytics Inc shares for $3.18 each.
As published in their initiating research note from Evercore ISI on October 11, 2024, Cardlytics Inc [CDLX] has been an In-line and the price target has been revised to $4. Analysts at Northland Capital downgraded the stock from ‘”an Outperform”‘ to ‘”a Market perform”‘ outlook in a report released in mid August. As of August 15, 2024, BofA Securities has decreased its “Neutral” rating to a “an Underperform” for CDLX. Earlier on August 08, 2024, Needham downgraded its rating. Their new recommendation was “a Hold” for CDLX stock which previously was a “a Buy”.
Analyzing CDLX Stock Performance
During the last five days, there has been a drop of approximately -13.70%. Over the course of the year, Cardlytics Inc shares have dropped approximately -20.22%. Shares of the company reached a 52-week high of $4.05 on 01/24/25 and a 52-week low of $2.76 on 01/16/25. A 50-day SMA is recorded $3.47, while a 200-day SMA reached $5.39. Nevertheless, trading volume fell to 0.74 million shares from 0.8 million shares the previous day.
Support And Resistance Levels for Cardlytics Inc (CDLX)
According to the 24-hour chart, there is a support level at 2.91, which, if violated, would cause prices to drop to 2.85. In the upper region, resistance lies at 3.07. The next price resistance is at 3.17. RSI (Relative Strength Index) is 39.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 86.75%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
