Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. 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 $1.33 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.
Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of May 10, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for CRNC.
Analyzing CRNC Stock Performance
During the last five days, there has been a drop of approximately -11.04%. Over the course of the year, Cerence Inc shares have jumped approximately 19.11%. 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 $12.84, while a 200-day SMA reached $6.05.
Support And Resistance Levels for Cerence Inc (CRNC)
According to the 24-hour chart, there is a support level at 9.02, which, if violated, would cause prices to drop to 8.70. In the upper region, resistance lies at 9.91. The next price resistance is at 10.48. RSI (Relative Strength Index) is 36.07 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.03, which suggests the price will decrease in the coming days. Percent R is at 90.10%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
