Media headlines about Cadiz (NASDAQ:CDZI) have been trending somewhat positive on Thursday, Accern reports. Accern ranks the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Cadiz earned a news impact score of 0.23 on Accern’s scale. Accern also assigned news stories about the company an impact score of 46.6358609333193 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
Several research firms recently commented on CDZI. B. Riley reaffirmed a “buy” rating and issued a $17.50 price objective on shares of Cadiz in a report on Wednesday. BidaskClub downgraded shares of Cadiz from a “sell” rating to a “strong sell” rating in a report on Saturday, July 8th.
Shares of Cadiz (NASDAQ:CDZI) opened at 12.45 on Thursday. The stock’s market capitalization is $277.10 million. The firm has a 50-day moving average of $13.46 and a 200 day moving average of $14.24. Cadiz has a 1-year low of $6.38 and a 1-year high of $16.25.
In other Cadiz news, CFO Timothy J. Shaheen sold 50,000 shares of the stock in a transaction dated Wednesday, June 21st. The shares were sold at an average price of $13.00, for a total transaction of $650,000.00. Following the transaction, the chief financial officer now directly owns 108,500 shares in the company, valued at approximately $1,410,500. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 5.56% of the stock is owned by corporate insiders.
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Cadiz Company Profile
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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