Sana Biotechnology Inc’s recent filing unveils that its Director Yang Patrick Y unloaded Company’s shares for reported $0.24 million on Mar 08 ’24. In the deal valued at $9.45 per share,25,000 shares were sold. As a result of this transaction, Yang Patrick Y now holds 149,250 shares worth roughly $1.34 million.
Then, NELSEN ROBERT bought 1,818,181 shares, generating $9,999,996 in total proceeds. Upon buying the shares at $5.50, the Director now owns 12,446,022 shares.
Before that, ARCH Venture Fund X, L.P. bought 1,818,181 shares. Sana Biotechnology Inc shares valued at $9,999,996 were divested by the 10% Owner at a price of $5.50 per share. As a result of the transaction, ARCH Venture Fund X, L.P. now holds 12,446,022 shares, worth roughly $112.14 million.
H.C. Wainwright upgraded its Sana Biotechnology Inc [SANA] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including JMP Securities’s analysts, who began to cover the stock in late September with a ‘”a Mkt outperform”‘ rating. Citigroup began covering SANA with “Buy” recommendation on September 05, 2023. TD Cowen started covering the stock on August 14, 2023. It rated SANA as “a Market perform”.
Price Performance Review of SANA
On Friday, Sana Biotechnology Inc [NASDAQ:SANA] saw its stock jump 5.88% to $9.01. Over the last five days, the stock has lost -9.90%. Sana Biotechnology Inc shares have risen nearly 120.83% since the year began. Nevertheless, the stocks have risen 179.81% over the past one year. While a 52-week high of $12.00 was reached on 03/01/24, a 52-week low of $2.74 was recorded on 01/02/24. SMA at 50 days reached $8.28, while 200 days put it at $5.60. A total of 0.98 million shares were traded, compared to the trading of 1.31 million shares in the previous session.
Levels Of Support And Resistance For SANA Stock
The 24-hour chart illustrates a support level at 8.51, which if violated will result in even more drops to 8.01. On the upside, there is a resistance level at 9.29. A further resistance level may holdings at 9.57. The Relative Strength Index (RSI) on the 14-day chart is 49.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 60.00%. Stochastics %K at 34.02% indicates the stock is a holding.
How much short interest is there in Sana Biotechnology Inc?
A steep rise in short interest was recorded in Sana Biotechnology Inc stocks on Mar 15, 2024, growing by 2.6 million shares to a total of 24.68 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 22.08 million shares. There was a rise of 10.53%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 20.35% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.36.
The most recent change occurred on May 02, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Neutral”‘ rating .
