Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cerence Inc shares valued at $219,959 were purchased by MR THOMAS L. BEAUDOIN on May 09 ’25. At $9.27 per share, MR THOMAS L. BEAUDOIN acquired 23,724 shares.
Also, MR THOMAS L. BEAUDOIN purchased 16,073 shares, netting a total of over 149,503 in proceeds.
Before that, MR THOMAS L. BEAUDOIN had added 10,000 shares to its account. In a trade valued at $93,959, the Former Director bought Cerence Inc shares for $9.40 each.
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 surge of approximately 5.92%. Over the course of the year, Cerence Inc shares have jumped approximately 18.47%. 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 $8.89, while a 200-day SMA reached $7.29.
Support And Resistance Levels for Cerence Inc (CRNC)
According to the 24-hour chart, there is a support level at 9.06, which, if violated, would cause prices to drop to 8.82. In the upper region, resistance lies at 9.53. The next price resistance is at 9.77. RSI (Relative Strength Index) is 51.03 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.12, which suggests the price will decrease in the coming days. Percent R is at 66.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
