Investing in Better Therapeutics Inc (BTTX): What You Must Know

Better Therapeutics Inc’s filing revealed that its Executive Chairman PERRY DAVID P acquired Company’s shares for reported $0.9 million on Jul 27. In the deal valued at $0.73 per share,1,233,045 shares were bought. As a result of this transaction, PERRY DAVID P now holds 13,030,393 shares worth roughly $2.61 million.

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Then, Parker Geoffrey M. bought 685,025 shares, generating $500,000 in total proceeds. Upon buying the shares at $0.73, the Director now owns 1,028,055 shares.

Before that, Armanino Andrew J. bought 274,010 shares. Better Therapeutics Inc shares valued at $200,000 were divested by the Director at a price of $0.73 per share. As a result of the transaction, Armanino Andrew J. now holds 728,368 shares, worth roughly $0.15 million.

Chardan Capital Markets initiated its Better Therapeutics Inc [BTTX] rating to a Buy in a research note published On Monday, November 24, 2021; the price target was $17.

Price Performance Review of BTTX

On Monday, Better Therapeutics Inc [NASDAQ:BTTX] saw its stock jump 6.17% to $0.20. Over the last five days, the stock has lost -1.00%. Better Therapeutics Inc shares have risen nearly 1.54% since the year began. Nevertheless, the stocks have fallen -86.15% over the past one year. While a 52-week high of $1.61 was reached on 01/11/24, a 52-week low of $0.14 was recorded on 01/04/24. SMA at 50 days reached $0.2033, while 200 days put it at $0.5619. A total of 1.14 million shares were traded, compared to the trading of 1.59 million shares in the previous session.

Levels Of Support And Resistance For BTTX Stock

The 24-hour chart illustrates a support level at 0.1860, which if violated will result in even more drops to 0.1740. On the upside, there is a resistance level at 0.2050. A further resistance level may holdings at 0.2120. The Relative Strength Index (RSI) on the 14-day chart is 48.42, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0218, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.20%. Stochastics %K at 20.87% indicates the stock is a holding.

How much short interest is there in Better Therapeutics Inc?

A steep rise in short interest was recorded in Better Therapeutics Inc stocks on Jan 11, 2024, dropping by -0.47 million shares to a total of 1.37 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2023 was 1.84 million shares. There was a decline of -34.31%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 4.64% of the overall stock float, the days-to-cover ratio (short ratio) fell to 0.52.

Better Therapeutics Inc [BTTX] – Who Are The Largest Shareholders?

In filings from MM Asset Management, Inc., it is revealed that the company now owns 1,583,079 shares, or roughly 3.18% of the outstanding BTTX shares. Additionally, The Vanguard Group, Inc. increased 14.01% of its stake after which the total value it holdings stand at $97,480, while Geode Capital Management LLC reduced -12.20% of its stake to hold $20841.0 in the firm. Over the last quarter, BlackRock Fund Advisors sold -1,365 shares of Better Therapeutics Inc, while SSgA Funds Management, Inc. sold 13,400 shares. At present, Capital Investment Advisory Servi is holding 41,000 shares valued at $7995.0. Millennium Management LLC owned 36,873 shares of the company at the time of its most recent 13F filing, worth $7190.0.

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