Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Caredx Inc shares valued at $603,385 were purchased by PETER MAAG on Apr 30 ’25. At $18.13 per share, PETER MAAG acquired 33,281 shares.
Also, Jain Abhishek sold 265 shares, netting a total of over 4,696 in proceeds. Following the sale of shares at $17.72 each, the insider now holds 337,418 shares.
Before that, Novack Jeffrey Adam had sold 924 shares from its account. In a trade valued at $16,373, the Secretary and General Counsel traded Caredx Inc shares for $17.72 each. Upon closing the transaction, the insider’s holdings decreased to 924 shares, worth approximately $1.91 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 -18.50%. Over the course of the year, Caredx Inc shares have dropped approximately -29.61%. Shares of the company reached a 52-week high of $25.95 on 01/14/25 and a 52-week low of $14.86 on 05/01/25. A 50-day SMA is recorded $18.87, while a 200-day SMA reached $23.41.
Support And Resistance Levels for Caredx Inc (CDNA)
According to the 24-hour chart, there is a support level at 14.22, which, if violated, would cause prices to drop to 13.38. In the upper region, resistance lies at 16.55. The next price resistance is at 18.03. RSI (Relative Strength Index) is 31.64 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.20, which suggests the price will decrease in the coming days. Percent R is at 95.40%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
