iBio Inc’s recent filing unveils that its insider Brenner Martin unloaded Company’s shares for reported $1296.0 on Nov 01 ’23. In the deal valued at $0.27 per share,4,881 shares were sold. As a result of this transaction, Brenner Martin now holds 182,502 shares worth roughly $0.39 million.
Then, Brenner Martin sold 5,267 shares, generating $1,592 in total proceeds. Upon selling the shares at $0.30, the insider now owns 187,383 shares.
Before that, Brenner Martin sold 4,215 shares. iBio Inc shares valued at $1,311 were divested by the insider at a price of $0.31 per share. As a result of the transaction, Brenner Martin now holds 192,650 shares, worth roughly $0.41 million.
JMP Securities initiated its iBio Inc [IBIO] rating to a Mkt outperform in a research note published on November 29, 2021; the price target was $1.50. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who began to cover the stock in late January with a ‘”an Overweight”‘ rating. Alliance Global Partners began covering IBIO with “Buy” recommendation on June 26, 2020.
Price Performance Review of IBIO
On Friday, iBio Inc [AMEX:IBIO] saw its stock fall -15.26% to $2.11. Over the last five days, the stock has lost -48.03%. iBio Inc shares have risen nearly 54.01% since the year began. Nevertheless, the stocks have fallen -92.92% over the past one year. While a 52-week high of $29.57 was reached on 03/28/24, a 52-week low of $1.02 was recorded on 01/18/24. SMA at 50 days reached $1.42, while 200 days put it at $5.06. A total of 1.05 million shares were traded, compared to the trading of 1.64 million shares in the previous session.
Levels Of Support And Resistance For IBIO Stock
The 24-hour chart illustrates a support level at 1.97, which if violated will result in even more drops to 1.84. On the upside, there is a resistance level at 2.33. A further resistance level may holdings at 2.56. The Relative Strength Index (RSI) on the 14-day chart is 53.19, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 73.03%. Stochastics %K at 37.23% indicates the stock is a holding.
How much short interest is there in iBio Inc?
A steep rise in short interest was recorded in iBio Inc stocks on Mar 15, 2024, growing by 45330.0 shares to a total of 59320.0 shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 13990.0 shares. There was a rise of 76.42%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 1.71% of the overall stock float, the days-to-cover ratio (short ratio) rose to 0.43.
