Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Caredx Inc shares valued at $4,696 were sold by Jain Abhishek on Apr 07 ’25. At $17.72 per share, Jain Abhishek sold 265 shares. The insider’s holdings dropped to 337,418 shares worth approximately $6.15 million following the completion of this transaction.
Also, Novack Jeffrey Adam sold 924 shares, netting a total of over 16,373 in proceeds. Following the sale of shares at $17.72 each, the insider now holds 126,911 shares.
Before that, Bickerstaff George had sold 20,000 shares from its account. In a trade valued at $367,102, the Director traded Caredx Inc shares for $18.36 each. Upon closing the transaction, the insider’s holdings decreased to 20,000 shares, worth approximately $1.88 million.
As published in a research note from Wells Fargo on January 15, 2025, Caredx Inc [CDNA] has been rated up from an Underweight to an Equal weight and the price target has been revised to $24 from $28. Analysts at Wells Fargo started covering the stock with ‘”an Underweight”‘ outlook in a report released in late August. As of August 19, 2024, BTIG Research has increased its “Neutral” rating to a “Buy” for CDNA. Earlier on May 13, 2024, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for CDNA stock which previously was a “an Outperform”.
Analyzing CDNA Stock Performance
During the last five days, there has been a drop of approximately -4.36%. Over the course of the year, Caredx Inc shares have dropped approximately -14.90%. Shares of the company reached a 52-week high of $25.95 on 01/14/25 and a 52-week low of $15.78 on 04/07/25. A 50-day SMA is recorded $20.14, while a 200-day SMA reached $23.30.
Support And Resistance Levels for Caredx Inc (CDNA)
According to the 24-hour chart, there is a support level at 17.75, which, if violated, would cause prices to drop to 17.27. In the upper region, resistance lies at 18.82. The next price resistance is at 19.42. RSI (Relative Strength Index) is 46.14 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.64, which suggests the price will decrease in the coming days. Percent R is at 43.91%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
