Morphic Holding Inc. [MORF] Investment Appeal on the Rise


In a filing, Morphic Holding Inc. revealed its President and CEO Tipirneni Praveen P. unloaded Company’s shares for reported $0.21 million on Aug 01. In the deal valued at $57.04 per share,3,597 shares were sold. As a result of this transaction, Tipirneni Praveen P. now holds 13,936 shares worth roughly $ 0.78 million.

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Then, Tipirneni Praveen P. sold 3,597 shares, generating $205,178 in total proceeds. Upon selling the shares at $57.04, the President and CEO now owns 13,936 shares.

Before that, Tipirneni Praveen P. sold 840 shares. Morphic Holding Inc. shares valued at $52,929 were divested by the President and CEO at a price of $63.01 per share. As a result of the transaction, Tipirneni Praveen P. now holds 13,936 shares, worth roughly $0.78 million.

Stifel downgraded its Morphic Holding Inc. [MORF] rating to a Hold from a a Buy in a research note published on Friday, August 09, 2023; the price target was decreased to $61 from $69. PT values the company’s stock at a premium of 8.34 to its Friday closing price.

Price Performance Review of MORF

On Friday, Morphic Holding Inc. [NASDAQ:MORF] saw its stock jump 1.51% to $55.91. On the same session, the stock had its day’s lowest price of $55.42, but rose to a high of $56.75. Over the last five days, the stock has gained 1.49%. Morphic Holding Inc. shares have risen nearly 109.01% since the year began. Nevertheless, the stocks have risen 103.16% over the past one year. While a 52-week high of $63.08 was reached on 06/12/23, a 52-week low of $23.03 was recorded on 01/10/23. SMA at 50 days reached $56.07, while 200 days put it at $44.25. A total of 0.23 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For MORF Stock

The 24-hour chart illustrates a support level at 55.30, which if violated will result in even more drops to 54.70. On the upside, there is a resistance level at 56.63. A further resistance level may holdings at 57.36. The Relative Strength Index (RSI) on the 14-day chart is 52.70, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.36, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.54%. Stochastics %K at 84.90% indicates the stock is a selling.

How much short interest is there in Morphic Holding Inc.?

A steep rise in short interest was recorded in Morphic Holding Inc. stocks on Aug 14, 2023, dropping by 40000.0 shares to a total of 2.62 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 2.66 million shares. There was a decline of -1.53%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 8.05% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.76.

Morphic Holding Inc. [MORF] – Who Are The Largest Shareholders?

In filings from Fidelity Management & Research Co, it is revealed that the company now owns 6,873,029 shares, or roughly 14.34% of the outstanding MORF shares. In other words, the investor’s shares have risen by 943,348 from its previous 13-F filing of 5929681.0.. Over the last quarter, T. Rowe Price Associates, Inc. purchased 700,214 shares of Morphic Holding Inc., while Invus Public Equities Advisors LL bought 326,046 shares. At present, BlackRock Fund Advisors is holding 2,140,368 shares valued at $121.42 million. The Vanguard Group, Inc. owned 1,828,254 shares of the company at the time of its most recent 13F filing, worth $103.72 million.


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