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MIRM (Mirum Pharmaceuticals Inc) may reap gains as insiders became active recently

In a filing, Mirum Pharmaceuticals Inc revealed its CHIEF FINANCIAL OFFICER BJERKHOLT ERIC acquired Company’s shares for reported $49600.0 on Mar 27 ’24. In the deal valued at $24.80 per share,2,000 shares were bought. As a result of this transaction, BJERKHOLT ERIC now holds 14,000 shares worth roughly $0.34 million.

Then, Radovich Peter sold 4,303 shares, generating $111,017 in total proceeds. Upon selling the shares at $25.80, the PRESIDENT AND COO now owns 29,013 shares.

Before that, BJERKHOLT ERIC bought 2,000 shares. Mirum Pharmaceuticals Inc shares valued at $51,600 were divested by the CHIEF FINANCIAL OFFICER at a price of $25.80 per share. As a result of the transaction, BJERKHOLT ERIC now holds 12,000 shares, worth roughly $0.29 million.

H.C. Wainwright reiterated its Mirum Pharmaceuticals Inc [MIRM] rating to a Buy in a research note published on December 18, 2023; the price target was $58. Morgan Stanley began covering MIRM with “an Overweight” recommendation on November 13, 2023. Cantor Fitzgerald started covering the stock on October 24, 2023. It rated MIRM as “an Overweight”.

Price Performance Review of MIRM

On Tuesday, Mirum Pharmaceuticals Inc [NASDAQ:MIRM] saw its stock jump 0.42% to $24.01. Over the last five days, the stock has lost -8.36%. Mirum Pharmaceuticals Inc shares have fallen nearly -18.67% since the year began. Nevertheless, the stocks have fallen -3.92% over the past one year. While a 52-week high of $35.56 was reached on 01/03/24, a 52-week low of $23.76 was recorded on 04/15/24. SMA at 50 days reached $27.08, while 200 days put it at $28.19. A total of 0.32 million shares were traded, compared to the trading of 0.4 million shares in the previous session.

Levels Of Support And Resistance For MIRM Stock

The 24-hour chart illustrates a support level at 23.62, which if violated will result in even more drops to 23.24. On the upside, there is a resistance level at 24.54. A further resistance level may holdings at 25.08. The Relative Strength Index (RSI) on the 14-day chart is 35.78, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.23%. Stochastics %K at 9.58% indicates the stock is a buying.

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