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Karyopharm Therapeutics Inc (KPTI) Becoming More Attractive for Investors

Karyopharm Therapeutics Inc’s filing revealed that its EVP & Chief Medical Officer Rangwala Reshma unloaded Company’s shares for reported $7943.0 on Apr 22 ’24. In the deal valued at $1.17 per share,6,789 shares were sold. As a result of this transaction, Rangwala Reshma now holds 342,931 shares worth roughly $0.38 million.

Then, Paulson Richard A. sold 3,563 shares, generating $4,596 in total proceeds. Upon selling the shares at $1.29, the President and CEO now owns 1,157,273 shares.

Before that, Paulson Richard A. sold 3,573 shares. Karyopharm Therapeutics Inc shares valued at $4,645 were divested by the President and CEO at a price of $1.30 per share. As a result of the transaction, Paulson Richard A. now holds 1,160,836 shares, worth roughly $1.28 million.

Piper Sandler initiated its Karyopharm Therapeutics Inc [KPTI] rating to an Overweight in a research note published on January 19, 2023; the price target was $8. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in early November from “a Sector perform” to “an Outperform”. JP Morgan also remained covering KPTI and has increased its forecast on February 09, 2022 with a “Neutral” recommendation from previously “an Underweight” rating.

Price Performance Review of KPTI

On Monday, Karyopharm Therapeutics Inc [NASDAQ:KPTI] saw its stock jump 3.77% to $1.10. Over the last five days, the stock has lost -2.65%. Karyopharm Therapeutics Inc shares have risen nearly 27.17% since the year began. Nevertheless, the stocks have fallen -68.57% over the past one year. While a 52-week high of $3.87 was reached on 02/06/24, a 52-week low of $0.62 was recorded on 01/16/24. SMA at 50 days reached $1.3109, while 200 days put it at $1.1758. A total of 1.01 million shares were traded, compared to the trading of 1.2 million shares in the previous session.

Levels Of Support And Resistance For KPTI Stock

The 24-hour chart illustrates a support level at 1.0500, which if violated will result in even more drops to 1.0000. On the upside, there is a resistance level at 1.1600. A further resistance level may holdings at 1.2200. The Relative Strength Index (RSI) on the 14-day chart is 42.04, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1013, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.00%. Stochastics %K at 12.56% indicates the stock is a buying.

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