Home Stock Earnings Monitoring SpringWorks Therapeutics Inc. (SWTX) after recent insider movements

Monitoring SpringWorks Therapeutics Inc. (SWTX) after recent insider movements

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Monitoring SpringWorks Therapeutics Inc. (SWTX) after recent insider movements

SpringWorks Therapeutics Inc.’s recent filing unveils that its 10% Owner ORBIMED ADVISORS LLC unloaded Company’s shares for reported $4.92 million on Sep 12. In the deal valued at $31.96 per share,153,897 shares were sold. As a result of this transaction, ORBIMED ADVISORS LLC now holds 5,599,842 shares worth roughly $ 133.84 million.


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Then, ORBIMED ADVISORS LLC sold 69,568 shares, generating $2,606,713 in total proceeds. Upon selling the shares at $37.47, the 10% Owner now owns 5,753,739 shares.

Before that, ORBIMED ADVISORS LLC sold 205,000 shares. SpringWorks Therapeutics Inc. shares valued at $7,857,650 were divested by the 10% Owner at a price of $38.33 per share. As a result of the transaction, ORBIMED ADVISORS LLC now holds 5,823,307 shares, worth roughly $139.18 million.

H.C. Wainwright reiterated its SpringWorks Therapeutics Inc. [SWTX] rating to a Buy in a research note published on Friday, January 19, 2021; the price target was $101. PT values the company’s stock at a premium of 76.34 to its Friday closing price. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who remained covering the stock and in late October has reiterated a ‘”a Buy”‘ rating for it. Barclays began covering SWTX with “an Overweight” recommendation on May 05, 2020. H.C. Wainwright revised its rating on March 19, 2020. It rated SWTX as “a Buy” which previously was an “a Neutral”.

Price Performance Review of SWTX

On Friday, SpringWorks Therapeutics Inc. [NASDAQ:SWTX] saw its stock jump 2.14% to $23.90. On the same session, the stock had its day’s lowest price of $22.90, but rose to a high of $24.955. Over the last five days, the stock has lost -5.76%. SpringWorks Therapeutics Inc. shares have fallen nearly -61.44% since the year began. Nevertheless, the stocks have fallen -67.08% over the past one year. While a 52-week high of $77.70 was reached on 01/03/22, a 52-week low of $13.60 was recorded on 05/27/22. SMA at 50 days reached $26.59, while 200 days put it at $37.63. A total of 1.06 million shares were traded, compared to the trading of 0.7 million shares in the previous session.

Levels Of Support And Resistance For SWTX Stock

The 24-hour chart illustrates a support level at 22.88, which if violated will result in even more drops to 21.86. On the upside, there is a resistance level at 24.94. A further resistance level may holdings at 25.97. The Relative Strength Index (RSI) on the 14-day chart is 43.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.96, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.36%. Stochastics %K at 16.40% indicates the stock is a buying.

How much short interest is there in SpringWorks Therapeutics Inc.?

A steep rise in short interest was recorded in SpringWorks Therapeutics Inc. stocks on Jul 14, 2022, growing by 1.22 million shares to a total of 11.87 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 10.65 million shares. There was a rise of 10.28%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 41.78% of the overall stock float, the days-to-cover ratio (short ratio) rose to 10.89.

SpringWorks Therapeutics Inc. [SWTX] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 7,412,040 shares, or roughly 11.88% of the outstanding SWTX shares. In other words, the investor’s shares have risen by 1,365,831 from its previous 13-F filing of 6046209.0. Additionally, SSgA Funds Management, Inc. increased 143.70% of its stake after which the total value it holdings stand at $110,960,274, while Perceptive Advisors LLC reduced -14.59% of its stake to hold $110.34 million in the firm. At present, The Vanguard Group, Inc. is holding 2,689,877 shares valued at $76.74 million. BlackRock Fund Advisors owned 2,245,717 shares of the company at the time of its most recent 13F filing, worth $64.07 million.

According to FactSet, SpringWorks Therapeutics Inc.’s share price will average $76.40 in the next year, based on opinions of analysts polled by the firm. This is up nearly 267.52 percent from its previous closing price of $23.40. Analysts expect SpringWorks Therapeutics Inc. stock to reach the higher price of $105.00, while the lowest price estimate is $40.00. However, 6 analysts have rated SWTX stock as a Buy in their predictions for 2022.

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