Conduit Pharmaceuticals Inc’s filing revealed 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 $7.48 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 $5.42 million.
Price Performance Review of CDT
On Friday, Conduit Pharmaceuticals Inc [NASDAQ:CDT] saw its stock jump 15.89% to $0.89. Over the last five days, the stock has gained 7.74%. Conduit Pharmaceuticals Inc shares have fallen nearly -87.03% 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 $0.73 was recorded on 03/21/25. SMA at 50 days reached $2.0160, while 200 days put it at $21.4307.
Levels Of Support And Resistance For CDT Stock
The 24-hour chart illustrates a support level at 0.7661, which if violated will result in even more drops to 0.6421. On the upside, there is a resistance level at 1.0170. A further resistance level may holdings at 1.1439. The Relative Strength Index (RSI) on the 14-day chart is 35.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1081, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.74%. Stochastics %K at 24.40% indicates the stock is a holding.
How much short interest is there in Conduit Pharmaceuticals Inc?
A steep rise in short interest was recorded in Conduit Pharmaceuticals Inc stocks on 2025-03-14, growing by 0.19 million shares to a total of 0.75 million shares. Yahoo Finance data shows the prior-month short interest on 2025-02-14 was 0.56 million shares. There was a rise of 25.17%, which implies that there is a positive sentiment for the stock.
