Harrow Inc’s filing revealed that its 10% Owner Opaleye Management Inc. acquired Company’s shares for reported $0.31 million on Apr 19 ’24. In the deal valued at $10.56 per share,29,400 shares were bought. As a result of this transaction, Opaleye Management Inc. now holds 3,775,000 shares worth roughly $39.45 million.
Then, Opaleye Management Inc. bought 50,000 shares, generating $641,000 in total proceeds. Upon buying the shares at $12.82, the 10% Owner now owns 3,745,600 shares.
Before that, BAUM MARK L bought 9,000 shares. Harrow Inc shares valued at $104,310 were divested by the CHIEF EXECUTIVE OFFICER at a price of $11.59 per share. As a result of the transaction, BAUM MARK L now holds 2,137,525 shares, worth roughly $22.34 million.
Craig Hallum initiated its Harrow Inc [HROW] rating to a Buy in a research note published on April 11, 2024; the price target was $24. Aegis Capital started covering the stock on September 24, 2021. It rated HROW as “a Buy”.
Price Performance Review of HROW
On Friday, Harrow Inc [NASDAQ:HROW] saw its stock fall -3.69% to $10.45. Over the last five days, the stock has lost -17.39%. Harrow Inc shares have fallen nearly -6.70% since the year began. Nevertheless, the stocks have fallen -55.53% over the past one year. While a 52-week high of $28.25 was reached on 04/01/24, a 52-week low of $7.60 was recorded on 02/05/24. SMA at 50 days reached $11.56, while 200 days put it at $13.24. A total of 0.68 million shares were traded, compared to the trading of 0.35 million shares in the previous session.
Levels Of Support And Resistance For HROW Stock
The 24-hour chart illustrates a support level at 10.19, which if violated will result in even more drops to 9.93. On the upside, there is a resistance level at 10.80. A further resistance level may holdings at 11.15. The Relative Strength Index (RSI) on the 14-day chart is 34.13, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.96%. Stochastics %K at 4.49% indicates the stock is a buying.
The most recent change occurred on July 02, 2021 when Ladenburg Thalmann began covering the stock and recommended ‘”a Buy”‘ rating along with a $14.25 price target.
