BofA Securities gives a Buy recommendation for Kiniksa Pharmaceuticals Ltd (KNSA)

In a filing, Kiniksa Pharmaceuticals Ltd revealed its CHAIRMAN & CEO Patel Sanj K unloaded Company’s shares for reported $1.37 million on Mar 07 ’24. In the deal valued at $21.02 per share,65,012 shares were sold. As a result of this transaction, Patel Sanj K now holds 0 shares worth roughly $0.0.

Then, Patel Sanj K sold 5,582 shares, generating $117,222 in total proceeds. Upon selling the shares at $21.00, the CHAIRMAN & CEO now owns 65,012 shares.

Before that, Patel Sanj K sold 12,742 shares. Kiniksa Pharmaceuticals Ltd shares valued at $273,834 were divested by the CHAIRMAN & CEO at a price of $21.49 per share. As a result of the transaction, Patel Sanj K now holds 70,594 shares, worth roughly $1.23 million.

BofA Securities reiterated its Kiniksa Pharmaceuticals Ltd [KNSA] rating to a Buy in a research note published on June 29, 2020; the price target was $40. A number of analysts have revised their coverage, including BofA/Merrill’s analysts, who began to cover the stock in early April with a ‘”a Buy”‘ rating. Barclays began covering KNSA with “an Overweight” recommendation on March 11, 2019. Wedbush maintained its rating on December 12, 2018. It rated KNSA as “an Outperform”.

Price Performance Review of KNSA

On Tuesday, Kiniksa Pharmaceuticals Ltd [NASDAQ:KNSA] saw its stock jump 0.11% to $17.46. Over the last five days, the stock has lost -1.52%. Kiniksa Pharmaceuticals Ltd shares have fallen nearly -0.46% since the year began. Nevertheless, the stocks have risen 53.83% over the past one year. While a 52-week high of $22.09 was reached on 03/04/24, a 52-week low of $10.65 was recorded on 04/10/24. SMA at 50 days reached $19.55, while 200 days put it at $17.59. A total of 0.3 million shares were traded, compared to the trading of 0.31 million shares in the previous session.

Levels Of Support And Resistance For KNSA Stock

The 24-hour chart illustrates a support level at 17.32, which if violated will result in even more drops to 17.19. On the upside, there is a resistance level at 17.60. A further resistance level may holdings at 17.75. The Relative Strength Index (RSI) on the 14-day chart is 30.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.82, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 85.49%. Stochastics %K at 12.24% indicates the stock is a buying.

The most recent change occurred on June 19, 2018 when JMP Securities began covering the stock and recommended ‘”a Mkt outperform”‘ rating along with a $33 price target.

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