Cerence Inc’s recent filing unveils that its EVP, Chief Revenue Officer Mentz Christian unloaded Company’s shares for reported $53028.0 on Feb 13 ’25. In the deal valued at $14.73 per share,3,600 shares were sold. As a result of this transaction, Mentz Christian now holds 142,747 shares worth roughly $1.33 million.
Then, BEAUDOIN THOMAS L sold 5,000 shares, generating $58,400 in total proceeds. Upon selling the shares at $11.68, the Director now owns 173,966 shares.
Before that, THOMAS L. BEAUDOIN bought 5,000 shares. Cerence Inc shares valued at $58,400 were divested by the Director at a price of $11.68 per share.
A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. Wells Fargo also remained covering CRNC and has decreased its forecast on May 10, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of CRNC
On Monday, Cerence Inc [NASDAQ:CRNC] saw its stock fall -9.60% to $9.32. Over the last five days, the stock has lost -9.78%. Cerence Inc shares have risen nearly 18.73% since the year began. Nevertheless, the stocks have fallen -33.48% 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 $12.77, while 200 days put it at $5.97.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 8.82, which if violated will result in even more drops to 8.32. On the upside, there is a resistance level at 9.99. A further resistance level may holdings at 10.67. The Relative Strength Index (RSI) on the 14-day chart is 33.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.70%. Stochastics %K at 11.36% indicates the stock is a buying.
