The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Processa Pharmaceuticals Inc shares valued at $51,526 were purchased by Young David on Feb 07 ’24. At $2.45 per share, Young David acquired 21,000 shares. The insider’s holdings grew to 79,387 shares worth approximately $0.19 million following the completion of this transaction.
Also, Young David purchased 20,000 shares, netting a total of over 50,504 in proceeds. Following the buying of shares at $2.53 each, the insider now holds 58,387 shares.
Before that, Lin Patrick had added 1,500 shares to its account. In a trade valued at $3,600, the Chief Business – Strategy Off bought Processa Pharmaceuticals Inc shares for $2.40 each. Upon closing the transaction, the insider’s holdings increased to 1,500 shares, worth approximately $66771.54000000001.
As published in their initiating research note from H.C. Wainwright on April 25, 2024, Processa Pharmaceuticals Inc [PCSA] has been a Buy and the price target has been revised to $8.
Analyzing PCSA Stock Performance
During the last five days, there has been a surge of approximately 55.77%. Over the course of the year, Processa Pharmaceuticals Inc shares have dropped approximately -63.69%. Shares of the company reached a 52-week high of $7.4000 on 01/04/24 and a 52-week low of $1.4000 on 04/16/24. A 50-day SMA is recorded $2.2000, while a 200-day SMA reached $6.0500. Nevertheless, trading volume fell to 76.77 million shares from 24700.0 shares the previous day.
Support And Resistance Levels for Processa Pharmaceuticals Inc (PCSA)
According to the 24-hour chart, there is a support level at 2.1100, which, if violated, would cause prices to drop to 1.8000. In the upper region, resistance lies at 2.7100. The next price resistance is at 3.0000. RSI (Relative Strength Index) is 58.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.0100, which suggests the price will decrease in the coming days. Percent R is at 45.93%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
