Conduit Pharmaceuticals Inc’s recently made public that its 10% Owner Nirland Ltd unloaded Company’s shares for reported $0.16 million on Oct 03 ’24. In the deal valued at $0.10 per share,1,500,000 shares were sold. As a result of this transaction, Nirland Ltd now holds 8,400,000 shares worth roughly $6.97 million.
Then, Nirland Ltd sold 1,368,991 shares, generating $140,458 in total proceeds. Upon selling the shares at $0.10, the 10% Owner now owns 7,031,009 shares.
Before that, Nirland Ltd sold 939,009 shares. Conduit Pharmaceuticals Inc shares valued at $96,530 were divested by the 10% Owner at a price of $0.10 per share. As a result of the transaction, Nirland Ltd now holds 6,092,000 shares, worth roughly $5.06 million.
Price Performance Review of CDT
On Friday, Conduit Pharmaceuticals Inc [NASDAQ:CDT] saw its stock fall -6.04% to $0.83. Over the last five days, the stock has lost -24.21%. Conduit Pharmaceuticals Inc shares have fallen nearly -87.96% since the year began. Nevertheless, the stocks have fallen -99.74% over the past one year. While a 52-week high of $392.00 was reached on 01/10/25, a 52-week low of $0.83 was recorded on 03/21/25. SMA at 50 days reached $2.8828, while 200 days put it at $28.5146.
Levels Of Support And Resistance For CDT Stock
The 24-hour chart illustrates a support level at 0.7375, which if violated will result in even more drops to 0.6488. On the upside, there is a resistance level at 0.9023. A further resistance level may holdings at 0.9784. The Relative Strength Index (RSI) on the 14-day chart is 30.33, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1699, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.78%. Stochastics %K at 16.51% indicates the stock is a buying.
How much short interest is there in Conduit Pharmaceuticals Inc?
A steep rise in short interest was recorded in Conduit Pharmaceuticals Inc stocks on 2025-02-28, growing by 0.23 million shares to a total of 0.45 million shares. Yahoo Finance data shows the prior-month short interest on 2025-01-31 was 0.22 million shares. There was a rise of 50.42%, which implies that there is a positive sentiment for the stock.
