Heron Therapeutics Inc’s filing revealed that its EVP, Chief Development Officer Forbes William P acquired Company’s shares for reported $27250.0 on Nov 17 ’23. In the deal valued at $1.09 per share,25,000 shares were bought. As a result of this transaction, Forbes William P now holds 79,000 shares worth roughly $0.23 million.
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Then, Collard Craig A bought 150,000 shares, generating $137,970 in total proceeds. Upon buying the shares at $0.92, the Chief Executive Officer now owns 186,496 shares.
Before that, Duarte Ira bought 85,000 shares. Heron Therapeutics Inc shares valued at $75,599 were divested by the EVP, Chief Financial Officer at a price of $0.89 per share. As a result of the transaction, Duarte Ira now holds 85,000 shares, worth roughly $0.25 million.
Needham reiterated its Heron Therapeutics Inc [HRTX] rating to a Buy in a research note published on March 13, 2024; the price target was $5. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Needham also remained covering HRTX and reiterated its “Buy” recommendation on February 20, 2020. Needham maintained its rating on January 16, 2019. It rated HRTX as “a Buy”.
Price Performance Review of HRTX
On Monday, Heron Therapeutics Inc [NASDAQ:HRTX] saw its stock fall -0.67% to $2.95. Over the last five days, the stock has lost -0.34%. Heron Therapeutics Inc shares have risen nearly 73.53% since the year began. Nevertheless, the stocks have risen 42.86% over the past one year. While a 52-week high of $3.22 was reached on 03/13/24, a 52-week low of $0.50 was recorded on 01/02/24. SMA at 50 days reached $2.58, while 200 days put it at $1.62. A total of 1.31 million shares were traded, compared to the trading of 2.01 million shares in the previous session.
Levels Of Support And Resistance For HRTX Stock
The 24-hour chart illustrates a support level at 2.90, which if violated will result in even more drops to 2.85. On the upside, there is a resistance level at 3.04. A further resistance level may holdings at 3.13. The Relative Strength Index (RSI) on the 14-day chart is 58.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.17, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.35%. Stochastics %K at 75.00% indicates the stock is a holding.
How much short interest is there in Heron Therapeutics Inc?
A steep rise in short interest was recorded in Heron Therapeutics Inc stocks on Feb 29, 2024, growing by 0.2 million shares to a total of 24.53 million shares. Yahoo Finance data shows the prior-month short interest on Jan 31, 2024 was 24.33 million shares. There was a rise of 0.82%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 18.83% of the overall stock float, the days-to-cover ratio (short ratio) rose to 12.11.
The most recent change occurred on April 05, 2018 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating along with a $56 price target.
