Investing in PMV Pharmaceuticals Inc (PMVP) Is Getting More Attractive

In a filing, PMV Pharmaceuticals Inc revealed its 10% Owner ORBIMED ADVISORS LLC unloaded Company’s shares for reported $0.2 million on Nov 22. In the deal valued at $2.23 per share,87,786 shares were sold. As a result of this transaction, ORBIMED ADVISORS LLC now holds 0 shares worth roughly $0.0.

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Then, Alland Leila sold 6,291 shares, generating $41,646 in total proceeds. Upon selling the shares at $6.62, the Chief Medical Officer now owns 45,909 shares.

Before that, Jalota Deepika sold 4,104 shares. PMV Pharmaceuticals Inc shares valued at $27,168 were divested by the Chief Development Officer at a price of $6.62 per share. As a result of the transaction, Jalota Deepika now holds 29,946 shares, worth roughly $50309.28.

Ladenburg Thalmann initiated its PMV Pharmaceuticals Inc [PMVP] rating to a Buy in a research note published on December 27, 2023; the price target was $7.

Price Performance Review of PMVP

On Friday, PMV Pharmaceuticals Inc [NASDAQ:PMVP] saw its stock fall -0.59% to $1.68. Over the last five days, the stock has lost -5.62%. PMV Pharmaceuticals Inc shares have fallen nearly -45.81% since the year began. Nevertheless, the stocks have fallen -77.66% over the past one year. While a 52-week high of $9.72 was reached on 01/02/24, a 52-week low of $1.17 was recorded on 01/19/24. SMA at 50 days reached $2.2478, while 200 days put it at $4.5593. A total of 0.81 million shares were traded, compared to the trading of 0.6 million shares in the previous session.

Levels Of Support And Resistance For PMVP Stock

The 24-hour chart illustrates a support level at 1.6467, which if violated will result in even more drops to 1.6133. On the upside, there is a resistance level at 1.7217. A further resistance level may holdings at 1.7633. The Relative Strength Index (RSI) on the 14-day chart is 33.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0492, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.14%. Stochastics %K at 35.26% indicates the stock is a holding.

How much short interest is there in PMV Pharmaceuticals Inc?

A steep rise in short interest was recorded in PMV Pharmaceuticals Inc stocks on Jan 31, 2024, growing by 0.13 million shares to a total of 1.75 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2023 was 1.62 million shares. There was a rise of 7.43%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 4.02% of the overall stock float, the days-to-cover ratio (short ratio) rose to 4.15.

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