T2 Biosystems Inc [TTOO] Records 50-Day SMA of $4.76

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Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. T2 Biosystems Inc shares valued at $1,125,959 were sold by CR Group L.P. on Sep 28. At $0.16 per share, CR Group L.P. sold 7,148,945 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.

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Also, CR Group L.P. sold 5,981,202 shares, netting a total of over 1,145,998 in proceeds. Following the sale of shares at $0.19 each, the insider now holds 571,796 shares.

Before that, CR Group L.P. had sold 5,392,920 shares from its account. In a trade valued at $1,082,359, the 10% Owner traded T2 Biosystems Inc shares for $0.20 each. Upon closing the transaction, the insider’s holdings decreased to 5,392,920 shares, worth approximately $6.71 million.

As published in a research note from Alliance Global Partners on January 27, 2021, T2 Biosystems Inc [TTOO] has been rated down from a Buy to a Neutral and the price target has been revised to $2.40 from $2.60.

Analyzing TTOO Stock Performance

During the last five days, there has been a surge of approximately 48.95%. Over the course of the year, T2 Biosystems Inc shares have jumped approximately 1.83%. Shares of the company reached a 52-week high of $6.95 on 02/15/24 and a 52-week low of $3.81 on 01/25/24. A 50-day SMA is recorded $4.76, while a 200-day SMA reached $14.69. Nevertheless, trading volume fell to 0.55 million shares from 0.53 million shares the previous day.

Support And Resistance Levels for T2 Biosystems Inc (TTOO)

According to the 24-hour chart, there is a support level at 5.88, which, if violated, would cause prices to drop to 5.37. In the upper region, resistance lies at 6.92. The next price resistance is at 7.46. RSI (Relative Strength Index) is 64.97 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 1.24, which suggests the price will increase in the coming days. Percent R is at 19.86%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.

Is T2 Biosystems Inc subject to short interest?

Stocks of T2 Biosystems Inc saw a sharp rise in short interest on Jan 31, 2024 jumping by 44980.0 shares to 0.32 million. Data from Yahoo Finance shows that the short interest on Dec 29, 2023 was 0.28 million shares. A jump of 13.93% in short interest reflects a negative sentiment towards the stock. Despite the fact that short shares comprise just 1.66 of the overall float, the days-to-cover ratio (short ratio) jumped to 1.66.

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