Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Cerence Inc shares valued at $149,503 were purchased by MR THOMAS L. BEAUDOIN on May 08 ’25. At $9.30 per share, MR THOMAS L. BEAUDOIN acquired 16,073 shares.
Also, MR THOMAS L. BEAUDOIN purchased 10,000 shares, netting a total of over 93,959 in proceeds.
Before that, Mentz Christian had sold 3,600 shares from its account. In a trade valued at $53,028, the EVP, Chief Revenue Officer traded Cerence Inc shares for $14.73 each. Upon closing the transaction, the insider’s holdings decreased to 3,600 shares, worth approximately $1.25 million.
Analysts at Needham upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in late January. As of May 10, 2024, Wells Fargo has decreased its “an Overweight” rating to a “an Equal weight” for CRNC.
Analyzing CRNC Stock Performance
During the last five days, there has been a drop of approximately -4.77%. Over the course of the year, Cerence Inc shares have jumped approximately 11.85%. Shares of the company reached a 52-week high of $27.50 on 01/06/25 and a 52-week low of $5.94 on 04/07/25. A 50-day SMA is recorded $9.01, while a 200-day SMA reached $7.13.
Support And Resistance Levels for Cerence Inc (CRNC)
According to the 24-hour chart, there is a support level at 8.17, which, if violated, would cause prices to drop to 7.56. In the upper region, resistance lies at 9.91. The next price resistance is at 11.05. RSI (Relative Strength Index) is 48.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.48, which suggests the price will decrease in the coming days. Percent R is at 47.70%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
