Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Cabaletta Bio Inc shares valued at $215,439 were sold by Binder Gwendolyn on Jan 19 ’24. At $19.59 per share, Binder Gwendolyn sold 11,000 shares. The insider’s holdings dropped to 20,000 shares worth approximately $0.28 million following the completion of this transaction.
Also, Binder Gwendolyn sold 11,000 shares, netting a total of over 240,789 in proceeds. Following the sale of shares at $21.89 each, the insider now holds 20,000 shares.
Before that, Binder Gwendolyn had sold 11,000 shares from its account. In a trade valued at $196,014, the insider traded Cabaletta Bio Inc shares for $17.82 each. Upon closing the transaction, the insider’s holdings decreased to 11,000 shares, worth approximately $0.28 million.
As published in their initiating research note from Jefferies on February 05, 2024, Cabaletta Bio Inc [CABA] has been a Buy and the price target has been revised to $36. Analysts at William Blair started covering the stock with ‘”an Outperform”‘ outlook in a report released in late November. As of October 24, 2023, Cantor Fitzgerald has initiated its “an Overweight” rating for CABA. Earlier on October 19, 2023, Stifel initiated its rating. Their recommendation was “a Buy” for CABA stock.
Analyzing CABA Stock Performance
During the last five days, there has been a drop of approximately -22.00%. Over the course of the year, Cabaletta Bio Inc shares have dropped approximately -38.46%. Shares of the company reached a 52-week high of $26.35 on 02/08/24 and a 52-week low of $13.79 on 04/18/24. A 50-day SMA is recorded $20.02, while a 200-day SMA reached $17.26. Nevertheless, trading volume fell to 1.15 million shares from 0.65 million shares the previous day.
Support And Resistance Levels for Cabaletta Bio Inc (CABA)
According to the 24-hour chart, there is a support level at 13.51, which, if violated, would cause prices to drop to 13.04. In the upper region, resistance lies at 14.72. The next price resistance is at 15.46. RSI (Relative Strength Index) is 27.49 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.58, which suggests the price will decrease in the coming days. Percent R is at 96.57%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
