Clene Inc’s recently made public that its Director MATLIN DAVID J acquired Company’s shares for reported $0.1 million on Nov 10 ’23. In the deal valued at $0.41 per share,250,002 shares were bought. As a result of this transaction, MATLIN DAVID J now holds 7,043,686 shares worth roughly $2.54 million.
Then, Stevens John Henry bought 316,455 shares, generating $253,164 in total proceeds. Upon buying the shares at $0.80, the Director now owns 800,204 shares.
Before that, Etherington Robert Dee bought 25,000 shares. Clene Inc shares valued at $20,250 were divested by the Chief Executive Officer at a price of $0.81 per share. As a result of the transaction, Etherington Robert Dee now holds 25,000 shares, worth roughly $9000.0.
Oppenheimer downgraded its Clene Inc [CLNN] rating to a Perform from a an Outperform in a research note published recently. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in mid July with a ‘”a Buy”‘ rating. Canaccord Genuity began covering CLNN with “Buy” recommendation on May 02, 2022. Oppenheimer started covering the stock on September 28, 2021. It rated CLNN as “an Outperform”.
Price Performance Review of CLNN
On Friday, Clene Inc [NASDAQ:CLNN] saw its stock fall -5.54% to $0.36. Over the last five days, the stock has lost -13.05%. Clene Inc shares have risen nearly 21.27% since the year began. Nevertheless, the stocks have fallen -67.30% over the past one year. While a 52-week high of $1.16 was reached on 01/26/24, a 52-week low of $0.25 was recorded on 01/04/24. SMA at 50 days reached $0.4235, while 200 days put it at $0.5202. A total of 1.17 million shares were traded, compared to the trading of 0.22 million shares in the previous session.
Levels Of Support And Resistance For CLNN Stock
The 24-hour chart illustrates a support level at 0.3387, which if violated will result in even more drops to 0.3176. On the upside, there is a resistance level at 0.3816. A further resistance level may holdings at 0.4034. The Relative Strength Index (RSI) on the 14-day chart is 35.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0282, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.24%. Stochastics %K at 13.94% indicates the stock is a buying.
