Assertio Holdings Inc. [ASRT] stock for 105,170 USD was sold by Tyree James L

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Assertio Holdings Inc. shares valued at $105,170 were sold by Tyree James L on May 12. At $2.36 per share, Tyree James L sold 44,643 shares. The insider’s holdings dropped to 210,451 shares worth approximately $0.84 million following the completion of this transaction.

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Also, MCKEE WILLIAM sold 22,322 shares, netting a total of over 52,488 in proceeds. Following the sale of shares at $2.35 each, the insider now holds 229,586 shares.

Before that, Peisert Daniel A. had sold 26,391 shares from its account. In a trade valued at $92,368, the President and CEO traded Assertio Holdings Inc. shares for $3.50 each. Upon closing the transaction, the insider’s holdings decreased to 26,391 shares, worth approximately $0.63 million.

As published in a research note from Mizuho on November 30, 2018, Assertio Holdings Inc. [ASRT] has been rated down from a Buy to a Neutral.

Analyzing ASRT’s Price Performance

On Thursday, Assertio Holdings Inc. [NASDAQ: ASRT] rose 10.50% to $4.00. The stock’s lowest price that day was $3.60, but it reached a high of $4.00 in the same session. During the last five days, there has been a surge of approximately 9.89%. Over the course of the year, Assertio Holdings Inc. shares have jumped approximately 83.49%. Shares of the company reached a 52-week high of $4.14 on 07/29/22 and a 52-week low of $1.86 on 05/09/22. A 50-day SMA is recorded $3.12, while a 200-day SMA reached $2.41. Nevertheless, trading volume fell to 1.14 million shares from 1.19 million shares the previous day.

Support And Resistance Levels for Assertio Holdings Inc. (ASRT)

According to the 24-hour chart, there is a support level at 3.73, which, if violated, would cause prices to drop to 3.47. In the upper region, resistance lies at 4.13. The next price resistance is at 4.27. RSI (Relative Strength Index) is 68.73 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.33, which suggests the price will decrease in the coming days. Percent R is at 10.87%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is Assertio Holdings Inc. subject to short interest?

Stocks of Assertio Holdings Inc. saw a sharp rise in short interest on Jul 14, 2022 jumping by 0.13 million shares to 0.94 million. Data from Yahoo Finance shows that the short interest on Jun 14, 2022 was 0.81 million shares. A jump of 13.82% in short interest reflects a positive sentiment towards the stock. Despite the fact that short shares comprise just 0.97 of the overall float, the days-to-cover ratio (short ratio) jumped to 0.97.

Which companies own the most shares of Assertio Holdings Inc. (ASRT)?

According to The Vanguard Group, Inc. filings, the company currently owns 1,793,554 shares, which is about 3.95% of the total ASRT shares outstanding. The investor’s shares have plunged by -103,001 from its previous 13-F filing of 1896555.0 shares. With the completion of the buy transaction, Friess Associates LLC’s stake is now worth $3,529,533. Littlejohn & Co. LLC reduced a 0.00% interest valued at $2.79 million while BlackRock Fund Advisors purchased a 3,795 stake. A total of 592,996 shares of Assertio Holdings Inc. were bought by Marshall Wace LLP during the quarter, and 465,410 by EAM Investors LLC. In its current portfolio, Geode Capital Management LLC holds 443,418 shares valued at $1.31 million.

In terms of Assertio Holdings Inc. share price expectations, FactSet research, analysts set an average price target of $5.83 in the next 12 months, up nearly 65.75% from the previous closing price of $3.62. Analysts anticipate Assertio Holdings Inc. stock to reach $6.00 by 2022, with the lowest price target being $5.50. In spite of this, 2 analysts ranked Assertio Holdings Inc. stock as an Overweight at the end of 2022.


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