Harrow Inc’s recent filing unveils that its 10% Owner Opaleye Management Inc. acquired Company’s shares for reported $0.2 million on Apr 25 ’24. In the deal valued at $9.97 per share,20,000 shares were bought. As a result of this transaction, Opaleye Management Inc. now holds 3,815,000 shares worth roughly $40.17 million.
Then, Opaleye Management Inc. bought 8,285 shares, generating $84,093 in total proceeds. Upon buying the shares at $10.15, the 10% Owner now owns 3,795,000 shares.
Before that, Opaleye Management Inc. bought 11,715 shares. Harrow Inc shares valued at $120,547 were divested by the 10% Owner at a price of $10.29 per share. As a result of the transaction, Opaleye Management Inc. now holds 3,786,715 shares, worth roughly $39.87 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 jump 5.30% to $10.53. Over the last five days, the stock has gained 0.77%. Harrow Inc shares have fallen nearly -5.98% since the year began. Nevertheless, the stocks have fallen -57.69% 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 $11.48, while 200 days put it at $13.04. A total of 0.61 million shares were traded, compared to the trading of 0.41 million shares in the previous session.
Levels Of Support And Resistance For HROW Stock
The 24-hour chart illustrates a support level at 10.16, which if violated will result in even more drops to 9.78. On the upside, there is a resistance level at 10.81. A further resistance level may holdings at 11.08. The Relative Strength Index (RSI) on the 14-day chart is 39.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.27, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 81.28%. Stochastics %K at 9.61% 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.
