Prothena Corporation plc’s filing revealed that its Chief Accounting Officer Walker Karin L unloaded Company’s shares for reported $0.17 million on Jan 24 ’24. In the deal valued at $34.00 per share,5,000 shares were sold. As a result of this transaction, Walker Karin L now holds 0 shares worth roughly $0.0.
Then, Walker Karin L sold 5,000 shares, generating $185,952 in total proceeds. Upon selling the shares at $37.19, the Chief Accounting Officer now owns 0 shares.
Before that, Walker Karin L sold 5,000 shares. Prothena Corporation plc shares valued at $170,000 were divested by the Chief Accounting Officer at a price of $34.00 per share. As a result of the transaction, Walker Karin L now holds 0 shares, worth roughly $0.0.
BofA Securities downgraded its Prothena Corporation plc [PRTA] rating to a Neutral from a a Buy in a research note published on January 30, 2024; the price target was decreased to $38 from $68. A number of analysts have revised their coverage, including Deutsche Bank’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. SVB Securities began covering PRTA with “an Outperform” recommendation on April 24, 2023. Piper Sandler started covering the stock on January 27, 2023. It rated PRTA as “an Overweight”.
Price Performance Review of PRTA
On Tuesday, Prothena Corporation plc [NASDAQ:PRTA] saw its stock fall -0.59% to $23.54. Over the last five days, the stock has lost -1.71%. Prothena Corporation plc shares have fallen nearly -35.22% since the year began. Nevertheless, the stocks have fallen -52.28% over the past one year. While a 52-week high of $79.65 was reached on 01/09/24, a 52-week low of $22.23 was recorded on 04/05/24. SMA at 50 days reached $26.98, while 200 days put it at $42.82. A total of 0.46 million shares were traded, compared to the trading of 0.76 million shares in the previous session.
Levels Of Support And Resistance For PRTA Stock
The 24-hour chart illustrates a support level at 22.95, which if violated will result in even more drops to 22.37. On the upside, there is a resistance level at 24.10. A further resistance level may holdings at 24.67. The Relative Strength Index (RSI) on the 14-day chart is 38.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.14, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 68.96%. Stochastics %K at 30.21% indicates the stock is a holding.
How much short interest is there in Prothena Corporation plc?
A steep rise in short interest was recorded in Prothena Corporation plc stocks on Mar 15, 2024, growing by 0.44 million shares to a total of 6.25 million shares. Yahoo Finance data shows the prior-month short interest on Feb 15, 2024 was 5.81 million shares. There was a rise of 7.04%, which implies that there is a positive sentiment for the stock. In spite of short shares comprising just 16.96% of the overall stock float, the days-to-cover ratio (short ratio) rose to 9.81.
