Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sana Biotechnology Inc shares valued at $236,300 were sold by Yang Patrick Y on Mar 08 ’24. At $9.45 per share, Yang Patrick Y sold 25,000 shares. The insider’s holdings dropped to 149,250 shares worth approximately $1.23 million following the completion of this transaction.
Also, NELSEN ROBERT purchased 1,818,181 shares, netting a total of over 9,999,996 in proceeds. Following the buying of shares at $5.50 each, the insider now holds 12,446,022 shares.
Before that, ARCH Venture Fund X, L.P. had added 1,818,181 shares to its account. In a trade valued at $9,999,996, the 10% Owner bought Sana Biotechnology Inc shares for $5.50 each. Upon closing the transaction, the insider’s holdings increased to 1,818,181 shares, worth approximately $102.8 million.
As published in a research note from H.C. Wainwright on January 16, 2024, Sana Biotechnology Inc [SANA] has been rated up from a Neutral to a Buy and the price target has been revised to $12. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late September. As of September 05, 2023, Citigroup has initiated its “Buy” rating for SANA. Earlier on August 14, 2023, TD Cowen initiated its rating. Their recommendation was “a Market perform” for SANA stock.
Analyzing SANA Stock Performance
During the last five days, there has been a drop of approximately -8.22%. Over the course of the year, Sana Biotechnology Inc shares have jumped approximately 102.45%. Shares of the company reached a 52-week high of $12.00 on 03/01/24 and a 52-week low of $3.91 on 01/02/24. A 50-day SMA is recorded $8.79, while a 200-day SMA reached $5.72. Nevertheless, trading volume fell to 1.22 million shares from 1.68 million shares the previous day.
Support And Resistance Levels for Sana Biotechnology Inc (SANA)
According to the 24-hour chart, there is a support level at 8.08, which, if violated, would cause prices to drop to 7.90. In the upper region, resistance lies at 8.52. The next price resistance is at 8.77. RSI (Relative Strength Index) is 42.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.64, which suggests the price will decrease in the coming days. Percent R is at 93.66%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
