Biohaven Ltd’s recently made public that its Director Antonijevic Irina unloaded Company’s shares for reported $0.46 million on Dec 29 ’23. In the deal valued at $41.79 per share,11,000 shares were sold. As a result of this transaction, Antonijevic Irina now holds 2,535 shares worth roughly $0.13 million.
Then, CHILDS JOHN W bought 454,545 shares, generating $9,999,990 in total proceeds. Upon buying the shares at $22.00, the Director now owns 3,998,952 shares.
Before that, Coric Vlad bought 340,908 shares. Biohaven Ltd shares valued at $7,499,976 were divested by the Chief Executive Officer at a price of $22.00 per share. As a result of the transaction, Coric Vlad now holds 833,120 shares, worth roughly $43.76 million.
RBC Capital Mkts initiated its Biohaven Ltd [BHVN] rating to an Outperform in a research note published on February 16, 2024; the price target was $62. A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early February with a ‘”a Buy”‘ rating. H.C. Wainwright began covering BHVN with “Buy” recommendation on December 22, 2023. Robert W. Baird started covering the stock on December 08, 2023. It rated BHVN as “an Outperform”.
Price Performance Review of BHVN
On Friday, Biohaven Ltd [NYSE:BHVN] saw its stock jump 0.36% to $52.52. Over the last five days, the stock has lost -3.97%. Biohaven Ltd shares have risen nearly 22.71% since the year began. Nevertheless, the stocks have risen 284.20% over the past one year. While a 52-week high of $62.21 was reached on 03/08/24, a 52-week low of $12.35 was recorded on 01/03/24. SMA at 50 days reached $51.28, while 200 days put it at $33.69. A total of 0.58 million shares were traded, compared to the trading of 0.93 million shares in the previous session.
Levels Of Support And Resistance For BHVN Stock
The 24-hour chart illustrates a support level at 51.34, which if violated will result in even more drops to 50.17. On the upside, there is a resistance level at 53.71. A further resistance level may holdings at 54.91. The Relative Strength Index (RSI) on the 14-day chart is 46.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.64%. Stochastics %K at 21.97% indicates the stock is a holding.
How much short interest is there in Biohaven Ltd?
A steep rise in short interest was recorded in Biohaven Ltd stocks on Mar 15, 2024, growing by 2.24 million shares to a total of 8.63 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 6.39 million shares. There was a rise of 25.96%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 12.23% of the overall stock float, the days-to-cover ratio (short ratio) rose to 5.95.
The most recent change occurred on January 24, 2023 when SVB Securities began covering the stock and recommended ‘”an Outperform”‘ rating along with a $24 price target.
