Karyopharm Therapeutics Inc. (KPTI) receives an Overweight rating from Piper Sandler

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Karyopharm Therapeutics Inc.’s recent filing unveils that its EVP & Chief Commercial Officer Cheng Sohanya Roshan unloaded Company’s shares for reported $9872.0 on Sep 01. In the deal valued at $1.33 per share,7,415 shares were sold. As a result of this transaction, Cheng Sohanya Roshan now holds 204,086 shares worth roughly $ 0.26 million.

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Then, Mason Michael sold 6,913 shares, generating $9,203 in total proceeds. Upon selling the shares at $1.33, the EVP, CFO & Treasurer now owns 237,817 shares.

Before that, Mano Michael sold 3,888 shares. Karyopharm Therapeutics Inc. shares valued at $5,176 were divested by the SVP, General Counsel&Secretary at a price of $1.33 per share. As a result of the transaction, Mano Michael now holds 142,234 shares, worth roughly $0.18 million.

Piper Sandler initiated its Karyopharm Therapeutics Inc. [KPTI] rating to an Overweight in a research note published on Tuesday, January 19, 2023; the price target was $8. PT values the company’s stock at a premium of 84.12 to its Tuesday closing price.

Price Performance Review of KPTI

On Tuesday, Karyopharm Therapeutics Inc. [NASDAQ:KPTI] saw its stock fall -6.62% to $1.27. On the same session, the stock had its day’s lowest price of $1.27, but rose to a high of $1.36. Over the last five days, the stock has lost -7.97%. Karyopharm Therapeutics Inc. shares have fallen nearly -62.65% since the year began. Nevertheless, the stocks have fallen -75.62% over the past one year. While a 52-week high of $6.01 was reached on 04/17/23, a 52-week low of $1.27 was recorded on 09/05/23. SMA at 50 days reached $1.6253, while 200 days put it at $2.9087. A total of 0.91 million shares were traded, compared to the trading of 2.76 million shares in the previous session.

Levels Of Support And Resistance For KPTI Stock

The 24-hour chart illustrates a support level at 1.2400, which if violated will result in even more drops to 1.2100. On the upside, there is a resistance level at 1.3300. A further resistance level may holdings at 1.3900. The Relative Strength Index (RSI) on the 14-day chart is 31.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1531, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 10.73% indicates the stock is a buying.

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

A steep rise in short interest was recorded in Karyopharm Therapeutics Inc. stocks on Aug 14, 2023, growing by 0.66 million shares to a total of 14.51 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 13.85 million shares. There was a rise of 4.55%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.91% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.11.

Karyopharm Therapeutics Inc. [KPTI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 9,038,183 shares, or roughly 7.93% of the outstanding KPTI shares. In other words, the investor’s shares have risen by 2,057,417 from its previous 13-F filing of 6980766.0. Additionally, The Vanguard Group, Inc. increased 15.61% of its stake after which the total value it holdings stand at $15,107,333, while Avidity Partners Management LP reduced -13.12% of its stake to hold $15.07 million in the firm. At present, Marshall Wace LLP is holding 2,443,997 shares valued at $4.4 million. ExodusPoint Capital Management LP owned 2,382,451 shares of the company at the time of its most recent 13F filing, worth $4.29 million.

According to FactSet, Karyopharm Therapeutics Inc.’s share price will average $6.50 in the next year, based on opinions of analysts polled by the firm. This is up nearly 341.18 percent from its previous closing price of $1.36. Analysts expect Karyopharm Therapeutics Inc. stock to reach the higher price of $10.00, while the lowest price estimate is $4.00. However, 10 analysts have rated KPTI stock as an Overweight in their predictions for 2023.


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