The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Cerence Inc shares valued at $53,028 were sold by Mentz Christian on Feb 13 ’25. At $14.73 per share, Mentz Christian sold 3,600 shares. The insider’s holdings dropped to 142,747 shares worth approximately $1.66 million following the completion of this transaction.
Also, BEAUDOIN THOMAS L sold 5,000 shares, netting a total of over 58,400 in proceeds. Following the sale of shares at $11.68 each, the insider now holds 173,966 shares.
Before that, THOMAS L. BEAUDOIN had added 5,000 shares to its account. In a trade valued at $58,400, the Director bought Cerence Inc shares for $11.68 each.
As published in a research note from Needham on January 22, 2025, Cerence Inc [CRNC] has been rated up from a Hold to a Buy and the price target has been revised to $16. Analysts at Wells Fargo downgraded the stock from ‘”an Overweight”‘ to ‘”an Equal weight”‘ outlook in a report released in early May. Earlier on February 07, 2024, Craig Hallum downgraded its rating. Their new recommendation was “a Hold” for CRNC stock which previously was a “a Buy”.
Analyzing CRNC Stock Performance
During the last five days, there has been a drop of approximately -13.74%. Over the course of the year, Cerence Inc shares have jumped approximately 47.90%. Shares of the company reached a 52-week high of $27.50 on 01/06/25 and a 52-week low of $7.58 on 01/02/25. A 50-day SMA is recorded $12.40, while a 200-day SMA reached $5.77. Nevertheless, trading volume fell to 1.14 million shares from 1.14 million shares the previous day.
Support And Resistance Levels for Cerence Inc (CRNC)
According to the 24-hour chart, there is a support level at 11.29, which, if violated, would cause prices to drop to 10.98. In the upper region, resistance lies at 12.21. The next price resistance is at 12.81. RSI (Relative Strength Index) is 42.61 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.76, which suggests the price will decrease in the coming days. Percent R is at 95.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
