Abeona Therapeutics Inc’s recently made public that its Chief Executive Officer Seshadri Vishwas acquired Company’s shares for reported $87800.0 on Feb 06 ’24. In the deal valued at $4.39 per share,20,000 shares were bought. As a result of this transaction, Seshadri Vishwas now holds 528,260 shares worth roughly $3.89 million.
Then, Alvino Mark sold 7,084 shares, generating $36,199 in total proceeds. Upon selling the shares at $5.11, the Director now owns 62,816 shares.
Before that, Seshadri Vishwas bought 20,000 shares. Abeona Therapeutics Inc shares valued at $81,400 were divested by the Chief Executive Officer at a price of $4.07 per share. As a result of the transaction, Seshadri Vishwas now holds 521,731 shares, worth roughly $3.84 million.
Cantor Fitzgerald upgraded its Abeona Therapeutics Inc [ABEO] rating to an Overweight from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including B. Riley FBR’s analysts, who began to cover the stock in mid September with a ‘”a Buy”‘ rating. SVB Leerink began covering ABEO with “an Outperform” recommendation on February 10, 2020.
Price Performance Review of ABEO
On Monday, Abeona Therapeutics Inc [NASDAQ:ABEO] saw its stock fall -2.77% to $7.36. Over the last five days, the stock has lost -3.66%. Abeona Therapeutics Inc shares have risen nearly 46.91% since the year began. Nevertheless, the stocks have risen 138.19% over the past one year. While a 52-week high of $9.01 was reached on 03/06/24, a 52-week low of $2.83 was recorded on 01/31/24. SMA at 50 days reached $7.46, while 200 days put it at $5.06. A total of 0.78 million shares were traded, compared to the trading of 0.39 million shares in the previous session.
Levels Of Support And Resistance For ABEO Stock
The 24-hour chart illustrates a support level at 7.17, which if violated will result in even more drops to 6.98. On the upside, there is a resistance level at 7.64. A further resistance level may holdings at 7.92. The Relative Strength Index (RSI) on the 14-day chart is 47.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.13, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 78.42%. Stochastics %K at 30.70% indicates the stock is a holding.
