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. CryoPort Inc shares valued at $54,978 were sold by Mandalam Ramkumar on Dec 02 ’24. At $7.46 per share, Mandalam Ramkumar sold 7,369 shares. The insider’s holdings dropped to 59,497 shares worth approximately $0.4 million following the completion of this transaction.
Also, Hariri Robert J sold 2,500 shares, netting a total of over 16,200 in proceeds. Following the sale of shares at $6.48 each, the insider now holds 20,561 shares.
Before that, RAMKUMAR MANDALAM had added 7,369 shares to its account. In a trade valued at $52,173, the Director bought CryoPort Inc shares for $7.08 each.
As published in their initiating research note from Guggenheim on December 19, 2024, CryoPort Inc [CYRX] has been a Buy and the price target has been revised to $11. Analysts at Jefferies downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early August. As of July 31, 2024, B. Riley Securities has increased its “Neutral” rating to a “Buy” for CYRX. Earlier on May 03, 2024, B. Riley Securities downgraded its rating. Their new recommendation was “a Neutral” for CYRX stock which previously was a “a Buy”.
Analyzing CYRX Stock Performance
During the last five days, there has been a surge of approximately 17.88%. Over the course of the year, CryoPort Inc shares have dropped approximately -14.40%. Shares of the company reached a 52-week high of $8.97 on 01/07/25 and a 52-week low of $4.58 on 03/04/25. A 50-day SMA is recorded $7.30, while a 200-day SMA reached $8.01.
Support And Resistance Levels for CryoPort Inc (CYRX)
According to the 24-hour chart, there is a support level at 6.28, which, if violated, would cause prices to drop to 5.89. In the upper region, resistance lies at 6.88. The next price resistance is at 7.09. RSI (Relative Strength Index) is 51.51 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.03, which suggests the price will decrease in the coming days. Percent R is at 18.43%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
