Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Centessa Pharmaceuticals plc ADR shares valued at $607,960 were sold by Anderson Karen M. on Mar 25 ’24. At $11.88 per share, Anderson Karen M. sold 51,160 shares. The insider’s holdings dropped to 71,525 shares worth approximately $0.68 million following the completion of this transaction.
Also, Rotman Harris sold 4,267 shares, netting a total of over 34,574 in proceeds. Following the sale of shares at $8.10 each, the insider now holds 62,625 shares.
Before that, Rotman Harris had sold 37,484 shares from its account. In a trade valued at $235,688, the SVP Regulatory Affairs traded Centessa Pharmaceuticals plc ADR shares for $6.29 each. Upon closing the transaction, the insider’s holdings decreased to 37,484 shares, worth approximately $0.32 million.
As published in a research note from Jefferies on November 15, 2023, Centessa Pharmaceuticals plc ADR [CNTA] has been rated up from a Hold to a Buy and the price target has been revised to $11 from $4. Analysts at Morgan Stanley upgraded the stock from ‘”an Underweight”‘ to ‘”an Equal-weight”‘ outlook in a report released in late October. As of June 21, 2023, Evercore ISI has initiated its “an Outperform” rating for CNTA. Earlier on June 12, 2023, Guggenheim initiated its rating. Their recommendation was “a Buy” for CNTA stock.
Analyzing CNTA Stock Performance
During the last five days, there has been a drop of approximately -12.24%. Over the course of the year, Centessa Pharmaceuticals plc ADR shares have jumped approximately 18.84%. Shares of the company reached a 52-week high of $12.45 on 03/22/24 and a 52-week low of $6.65 on 01/11/24. A 50-day SMA is recorded $10.87, while a 200-day SMA reached $7.97. Nevertheless, trading volume fell to 2.25 million shares from 0.2 million shares the previous day.
Support And Resistance Levels for Centessa Pharmaceuticals plc ADR (CNTA)
According to the 24-hour chart, there is a support level at 8.92, which, if violated, would cause prices to drop to 8.37. In the upper region, resistance lies at 9.77. The next price resistance is at 10.07. RSI (Relative Strength Index) is 37.53 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.07, which suggests the price will decrease in the coming days. Percent R is at 78.15%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
