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Recent Insider Activity Suggests Potential Gains for Shattuck Labs Inc (STTK)

Shattuck Labs Inc’s recently made public that its insider Stout Stephen unloaded Company’s shares for reported $0.17 million on Mar 06 ’24. In the deal valued at $10.53 per share,16,004 shares were sold. As a result of this transaction, Stout Stephen now holds 74,437 shares worth roughly $0.67 million.

Then, Neill Andrew R sold 25,000 shares, generating $250,000 in total proceeds. Upon selling the shares at $10.00, the Chief Financial Officer now owns 173,446 shares.

BTIG Research initiated its Shattuck Labs Inc [STTK] rating to a Buy in a research note published on August 31, 2022; the price target was $12. A number of analysts have revised their coverage, including Citigroup’s analysts, who began to cover the stock in early June with a ‘”a Buy”‘ rating. H.C. Wainwright began covering STTK with “Buy” recommendation on May 02, 2022. Berenberg started covering the stock on April 14, 2021. It rated STTK as “a Buy”.

Price Performance Review of STTK

On Tuesday, Shattuck Labs Inc [NASDAQ:STTK] saw its stock fall -1.21% to $8.98. Over the last five days, the stock has lost -0.22%. Shattuck Labs Inc shares have risen nearly 25.95% since the year began. Nevertheless, the stocks have risen 213.99% over the past one year. While a 52-week high of $11.11 was reached on 03/06/24, a 52-week low of $1.33 was recorded on 01/03/24. SMA at 50 days reached $9.14, while 200 days put it at $4.93. A total of 0.24 million shares were traded, compared to the trading of 0.11 million shares in the previous session.

Levels Of Support And Resistance For STTK Stock

The 24-hour chart illustrates a support level at 8.80, which if violated will result in even more drops to 8.61. On the upside, there is a resistance level at 9.17. A further resistance level may holdings at 9.36. The Relative Strength Index (RSI) on the 14-day chart is 48.14, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.03, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 74.71%. Stochastics %K at 34.51% indicates the stock is a holding.

The most recent change occurred on January 11, 2021 when Evercore ISI began covering the stock and recommended ‘”an Outperform”‘ rating.

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