Cadiz (NASDAQ:CDZI) Earns Daily News Impact Rating of 0.24
Headlines about Cadiz (NASDAQ:CDZI) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Cadiz earned a coverage optimism score of 0.24 on Accern’s scale. Accern also gave news articles about the company an impact score of 0 out of 100, meaning that recent press coverage is extremely unlikely to have an effect on the stock’s share price in the near future.
Shares of Cadiz (NASDAQ:CDZI) traded down 0.40% during mid-day trading on Thursday, hitting $12.50. The company’s stock had a trading volume of 61,938 shares. The stock’s market cap is $278.23 million. The company has a 50-day moving average price of $13.01 and a 200-day moving average price of $14.28. Cadiz has a 1-year low of $6.57 and a 1-year high of $16.25.
CDZI has been the topic of a number of recent analyst reports. BidaskClub lowered Cadiz from a “sell” rating to a “strong sell” rating in a research report on Saturday, July 8th. B. Riley restated a “buy” rating and issued a $17.50 target price on shares of Cadiz in a research note on Wednesday, July 19th.
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In other news, CFO Timothy J. Shaheen sold 50,000 shares of the stock in a transaction that occurred on Wednesday, June 21st. The stock was sold at an average price of $13.00, for a total value of $650,000.00. Following the completion of the sale, the chief financial officer now directly owns 108,500 shares of the company’s stock, valued at $1,410,500. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 5.56% of the stock is currently owned by corporate insiders.
Cadiz Inc is a land and water resource development company. As of December 31, 2016, the Company had 45,000 acres of land in three areas of eastern San Bernardino County, California. The Company’s primary business is to acquire and develop land with water resources for various uses, including groundwater supply, groundwater storage and agriculture.
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