Cadiz (NASDAQ:CDZI) Share Price Passes Above 50 Day Moving Average of $11.40
Cadiz Inc (NASDAQ:CDZI)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $11.40 and traded as high as $12.57. Cadiz shares last traded at $12.50, with a volume of 1,331 shares.
Separately, BidaskClub upgraded Cadiz from a “buy” rating to a “strong-buy” rating in a research note on Tuesday, August 6th.
The business’s 50 day moving average price is $11.43.
Several hedge funds have recently bought and sold shares of the company. Bank of New York Mellon Corp increased its stake in Cadiz by 24.8% in the fourth quarter. Bank of New York Mellon Corp now owns 100,027 shares of the company’s stock valued at $1,031,000 after purchasing an additional 19,888 shares in the last quarter. BlackRock Inc. boosted its stake in Cadiz by 11.5% in the fourth quarter. BlackRock Inc. now owns 1,665,449 shares of the company’s stock valued at $17,153,000 after acquiring an additional 171,707 shares during the last quarter. Geode Capital Management LLC boosted its stake in Cadiz by 14.1% in the fourth quarter. Geode Capital Management LLC now owns 263,319 shares of the company’s stock valued at $2,712,000 after acquiring an additional 32,576 shares during the last quarter. Equitec Specialists LLC purchased a new stake in shares of Cadiz during the 2nd quarter valued at approximately $28,000. Finally, Bank of America Corp DE lifted its stake in shares of Cadiz by 344.2% during the 4th quarter. Bank of America Corp DE now owns 54,535 shares of the company’s stock valued at $562,000 after buying an additional 42,258 shares in the last quarter. 42.93% of the stock is currently owned by institutional investors.
About Cadiz (NASDAQ:CDZI)
Cadiz Inc operates as a land and water resource development company in the United States. It engages in the water resource, and land and agricultural development activities in San Bernardino County properties. The company owns approximately 35,000 acres of land in the Cadiz and Fenner valleys of eastern San Bernardino County; and approximately 11,000 acres of land in the eastern Mojave Desert portion of San Bernardino County.
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