Gossamer Bio Inc’s recent filing unveils that its President & CEO Hasnain Faheem unloaded Company’s shares for reported $26773.0 on Mar 27 ’24. In the deal valued at $1.16 per share,23,172 shares were sold. As a result of this transaction, Hasnain Faheem now holds 120,293 shares worth roughly $0.12 million.
Then, Giraudo Bryan sold 6,430 shares, generating $7,431 in total proceeds. Upon selling the shares at $1.16, the COO/CFO now owns 92,737 shares.
Before that, Christian Waage sold 6,430 shares. Gossamer Bio Inc shares valued at $7,430 were divested by the EVP, Tech Ops and Admin at a price of $1.16 per share. As a result of the transaction, Christian Waage now holds 585,934 shares, worth roughly $0.6 million.
A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late July from “a Buy” to “a Neutral”. Raymond James also remained covering GOSS and has decreased its forecast on March 07, 2023 with a “Mkt perform” recommendation from previously “an Outperform” rating. Guggenheim started covering the stock on March 01, 2023. It rated GOSS as “a Neutral”.
Price Performance Review of GOSS
On Friday, Gossamer Bio Inc [NASDAQ:GOSS] saw its stock fall -3.74% to $1.03. Over the last five days, the stock has lost -12.71%. Gossamer Bio Inc shares have risen nearly 12.88% since the year began. Nevertheless, the stocks have risen 1.48% over the past one year. While a 52-week high of $1.88 was reached on 03/07/24, a 52-week low of $0.45 was recorded on 01/25/24. SMA at 50 days reached $1.1629, while 200 days put it at $1.0117. A total of 1.66 million shares were traded, compared to the trading of 2.93 million shares in the previous session.
Levels Of Support And Resistance For GOSS Stock
The 24-hour chart illustrates a support level at 1.0000, which if violated will result in even more drops to 0.9700. On the upside, there is a resistance level at 1.0900. A further resistance level may holdings at 1.1500. The Relative Strength Index (RSI) on the 14-day chart is 35.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1664, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics %K at 17.20% indicates the stock is a buying.
How much short interest is there in Gossamer Bio Inc?
A steep rise in short interest was recorded in Gossamer Bio Inc stocks on Mar 15, 2024, dropping by -4.21 million shares to a total of 11.09 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 15.3 million shares. There was a decline of -37.96%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 5.77% of the overall stock float, the days-to-cover ratio (short ratio) fell to 6.54.
