In a filing, Abeona Therapeutics Inc revealed its Chief Executive Officer Seshadri Vishwas acquired Company’s shares for reported $87800.0 on Feb 06 ’24. In the deal valued at $4.39 per share,20,000 shares were bought. As a result of this transaction, Seshadri Vishwas now holds 528,260 shares worth roughly $4.1 million.
Then, Alvino Mark sold 7,084 shares, generating $36,199 in total proceeds. Upon selling the shares at $5.11, the Director now owns 62,816 shares.
Before that, Seshadri Vishwas bought 20,000 shares. Abeona Therapeutics Inc shares valued at $81,400 were divested by the Chief Executive Officer at a price of $4.07 per share. As a result of the transaction, Seshadri Vishwas now holds 521,731 shares, worth roughly $4.05 million.
Cantor Fitzgerald upgraded its Abeona Therapeutics Inc [ABEO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including B. Riley FBR’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. SVB Leerink began covering ABEO with “an Outperform” recommendation on February 10, 2020.
Price Performance Review of ABEO
On Tuesday, Abeona Therapeutics Inc [NASDAQ:ABEO] saw its stock jump 1.57% to $7.76. Over the last five days, the stock has gained 4.30%. Abeona Therapeutics Inc shares have risen nearly 54.89% since the year began. Nevertheless, the stocks have risen 178.14% over the past one year. While a 52-week high of $9.01 was reached on 03/06/24, a 52-week low of $2.77 was recorded on 01/31/24. SMA at 50 days reached $7.23, while 200 days put it at $4.99. A total of 0.22 million shares were traded, compared to the trading of 0.11 million shares in the previous session.
Levels Of Support And Resistance For ABEO Stock
The 24-hour chart illustrates a support level at 7.56, which if violated will result in even more drops to 7.37. On the upside, there is a resistance level at 7.92. A further resistance level may holdings at 8.09. The Relative Strength Index (RSI) on the 14-day chart is 54.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 42.39%. Stochastics %K at 48.56% indicates the stock is a holding.
