Assertio Holdings Inc’s filing revealed that its Director Tyree James L unloaded Company’s shares for reported $11463.0 on Mar 14 ’24. In the deal valued at $1.12 per share,10,251 shares were sold. As a result of this transaction, Tyree James L now holds 188,251 shares worth roughly $0.17 million.
Then, Peisert Daniel A. sold 31,121 shares, generating $92,432 in total proceeds. Upon selling the shares at $2.97, the President & CEO now owns 324,939 shares.
Before that, Peisert Daniel A. sold 127,281 shares. Assertio Holdings Inc shares valued at $386,972 were divested by the President & CEO at a price of $3.04 per share. As a result of the transaction, Peisert Daniel A. now holds 356,060 shares, worth roughly $0.32 million.
Lake Street initiated its Assertio Holdings Inc [ASRT] rating to a Buy in a research note published on November 07, 2022; the price target was $7. A number of analysts have revised their coverage, including Mizuho’s analysts, who decreased its forecast for the stock in late November from “a Buy” to “a Neutral”.
Price Performance Review of ASRT
On Tuesday, Assertio Holdings Inc [NASDAQ:ASRT] saw its stock fall -1.69% to $0.91. Over the last five days, the stock has lost -2.40%. Assertio Holdings Inc shares have fallen nearly -15.21% since the year began. Nevertheless, the stocks have fallen -85.20% over the past one year. While a 52-week high of $8.01 was reached on 03/12/24, a 52-week low of $0.77 was recorded on 02/02/24. SMA at 50 days reached $0.9086, while 200 days put it at $2.2190. A total of 0.77 million shares were traded, compared to the trading of 0.37 million shares in the previous session.
Levels Of Support And Resistance For ASRT Stock
The 24-hour chart illustrates a support level at 0.8862, which if violated will result in even more drops to 0.8651. On the upside, there is a resistance level at 0.9421. A further resistance level may holdings at 0.9769. The Relative Strength Index (RSI) on the 14-day chart is 42.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0476, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 89.48%. Stochastics %K at 18.03% indicates the stock is a buying.
How much short interest is there in Assertio Holdings Inc?
A steep rise in short interest was recorded in Assertio Holdings Inc stocks on Mar 15, 2024, growing by 1.13 million shares to a total of 10.73 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 9.6 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 11.43% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.01.
