Cerence Inc’s recent filing unveils that its Former Director MR THOMAS L. BEAUDOIN acquired Company’s shares for reported $93959.0 on Apr 28 ’25. In the deal valued at $9.40 per share,10,000 shares were bought.
Then, Mentz Christian sold 3,600 shares, generating $53,028 in total proceeds. Upon selling the shares at $14.73, the EVP, Chief Revenue Officer now owns 142,747 shares.
Before that, BEAUDOIN THOMAS L sold 5,000 shares. Cerence Inc shares valued at $58,400 were divested by the Director at a price of $11.68 per share. As a result of the transaction, BEAUDOIN THOMAS L now holds 173,966 shares, worth roughly $1.62 million.
A number of analysts have revised their coverage, including Needham’s analysts, who increased its forecast for the stock in late January from “a Hold” to “a Buy”. Wells Fargo also remained covering CRNC and has decreased its forecast on May 10, 2024 with a “an Equal weight” recommendation from previously “an Overweight” rating.
Price Performance Review of CRNC
On Tuesday, Cerence Inc [NASDAQ:CRNC] saw its stock fall -1.79% to $9.33. Over the last five days, the stock has gained 19.31%. Cerence Inc shares have risen nearly 18.85% since the year began. Nevertheless, the stocks have fallen -0.64% over the past one year. While a 52-week high of $27.50 was reached on 01/06/25, a 52-week low of $2.34 was recorded on 04/07/25. SMA at 50 days reached $9.48, while 200 days put it at $6.91.
Levels Of Support And Resistance For CRNC Stock
The 24-hour chart illustrates a support level at 9.20, which if violated will result in even more drops to 9.08. On the upside, there is a resistance level at 9.52. A further resistance level may holdings at 9.72. The Relative Strength Index (RSI) on the 14-day chart is 56.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 19.02%. Stochastics %K at 88.52% indicates the stock is a selling.
How much short interest is there in Cerence Inc?
A steep rise in short interest was recorded in Cerence Inc stocks on 2025-04-15, dropping by -0.32 million shares to a total of 8.87 million shares. Yahoo Finance data shows the prior-month short interest on 2025-03-14 was 9.18 million shares. There was a decline of -3.57%, which implies that there is a negative sentiment for the stock.
