In a filing, Radnet Inc revealed its EVP and Chief Legal Officer Katz David Jeffrey unloaded Company’s shares for reported $1.0 million on Nov 25 ’24. In the deal valued at $81.65 per share,12,300 shares were sold. As a result of this transaction, Katz David Jeffrey now holds 62,909 shares worth roughly $3.75 million.
Then, Katz David Jeffrey bought 12,300 shares, generating $1,009,092 in total proceeds.
Before that, Jayanathan Ranjan sold 38,557 shares. Radnet Inc shares valued at $3,084,560 were divested by the Chief Information Officer at a price of $80.00 per share. As a result of the transaction, Jayanathan Ranjan now holds 192,724 shares, worth roughly $11.5 million.
Barclays upgraded its Radnet Inc [RDNT] rating to an Overweight from a an Equal weight in a research note published on September 06, 2024; the price target was increased to $79 from $57. A number of analysts have revised their coverage, including Barclays’s analysts, who began to cover the stock in early March with a ‘”an Equal weight”‘ rating. Truist began covering RDNT with “Buy” recommendation on August 31, 2023. CJS Securities started covering the stock on March 31, 2023. It rated RDNT as “a Market outperform”.
Price Performance Review of RDNT
On Tuesday, Radnet Inc [NASDAQ:RDNT] saw its stock fall -0.81% to $59.67. Over the last five days, the stock has lost -2.91%. Radnet Inc shares have fallen nearly -14.56% since the year began. Nevertheless, the stocks have risen 53.20% over the past one year. While a 52-week high of $93.65 was reached on 01/06/25, a 52-week low of $36.47 was recorded on 01/15/25. SMA at 50 days reached $67.41, while 200 days put it at $65.93.
Levels Of Support And Resistance For RDNT Stock
The 24-hour chart illustrates a support level at 58.53, which if violated will result in even more drops to 57.40. On the upside, there is a resistance level at 60.88. A further resistance level may holdings at 62.10. The Relative Strength Index (RSI) on the 14-day chart is 37.25, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.93%. Stochastics %K at 14.31% indicates the stock is a buying.
