CorMedix Inc’s filing revealed that its EVP, Chief Commercial Officer Mistry Erin acquired Company’s shares for reported $14985.0 on Oct 31 ’24. In the deal valued at $9.99 per share,1,500 shares were bought. As a result of this transaction, Mistry Erin now holds 52,011 shares worth roughly $0.54 million.
Then, Hurlburt Elizabeth sold 140,027 shares, generating $1,565,670 in total proceeds. Upon selling the shares at $11.18, the EVP now owns 45,397 shares.
Before that, Hurlburt Elizabeth bought 140,027 shares. CorMedix Inc shares valued at $1,556,416 were divested by the Officer at a price of $11.12 per share.
Leerink Partners initiated its CorMedix Inc [CRMD] rating to an Outperform in a research note published on March 07, 2025; the price target was $18. A number of analysts have revised their coverage, including D. Boral Capital’s analysts, who began to cover the stock in mid January with a ‘”a Buy”‘ rating. Rodman & Renshaw began covering CRMD with “Buy” recommendation on August 26, 2024. RBC Capital Mkts started covering the stock on August 10, 2023. It rated CRMD as “an Outperform”.
Price Performance Review of CRMD
On Monday, CorMedix Inc [NASDAQ:CRMD] saw its stock unchanged to $10.47. Over the last five days, the stock has lost -2.42%. CorMedix Inc shares have risen nearly 29.26% since the year began. Nevertheless, the stocks have risen 168.46% over the past one year. While a 52-week high of $13.85 was reached on 01/17/25, a 52-week low of $3.61 was recorded on 01/06/25. SMA at 50 days reached $10.66, while 200 days put it at $8.12.
Levels Of Support And Resistance For CRMD Stock
The 24-hour chart illustrates a support level at 10.33, which if violated will result in even more drops to 10.20. On the upside, there is a resistance level at 10.60. A further resistance level may holdings at 10.74. The Relative Strength Index (RSI) on the 14-day chart is 50.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.12, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 30.29%. Stochastics %K at 68.00% indicates the stock is a holding.
How much short interest is there in CorMedix Inc?
A steep rise in short interest was recorded in CorMedix Inc stocks on 2025-02-28, growing by 0.7 million shares to a total of 7.88 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 7.18 million shares. There was a rise of 8.87%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 17, 2021 when Needham began covering the stock and recommended ‘”a Buy”‘ rating along with a $31 price target.
