KD Logo

Pacira BioSciences Inc (PCRX) Becoming More Attractive for Investors

Pacira BioSciences Inc’s recently made public that its Director PACE GARY W unloaded Company’s shares for reported $2.75 million on Mar 08 ’24. In the deal valued at $30.60 per share,90,000 shares were sold. As a result of this transaction, PACE GARY W now holds 22,127 shares worth roughly $0.58 million.

Then, PACE GARY W sold 28,257 shares, generating $870,598 in total proceeds. Upon selling the shares at $30.81, the Director now owns 112,127 shares.

Before that, PACE GARY W sold 1,066 shares. Pacira BioSciences Inc shares valued at $31,628 were divested by the Director at a price of $29.67 per share. As a result of the transaction, PACE GARY W now holds 140,384 shares, worth roughly $3.66 million.

A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in mid December with a ‘”an Outperform”‘ rating. TD Cowen also remained covering PCRX and has increased its forecast on August 03, 2023 with a “an Outperform” recommendation from previously “Market perform” rating.

Price Performance Review of PCRX

On Monday, Pacira BioSciences Inc [NASDAQ:PCRX] saw its stock fall -1.06% to $26.05. Over the last five days, the stock has lost -0.19%. Pacira BioSciences Inc shares have fallen nearly -22.79% since the year began. Nevertheless, the stocks have fallen -41.76% over the past one year. While a 52-week high of $48.60 was reached on 01/08/24, a 52-week low of $25.33 was recorded on 04/26/24. SMA at 50 days reached $28.65, while 200 days put it at $31.28. A total of 0.54 million shares were traded, compared to the trading of 0.36 million shares in the previous session.

Levels Of Support And Resistance For PCRX Stock

The 24-hour chart illustrates a support level at 25.82, which if violated will result in even more drops to 25.60. On the upside, there is a resistance level at 26.49. A further resistance level may holdings at 26.94. The Relative Strength Index (RSI) on the 14-day chart is 38.75, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.56, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 76.39%. Stochastics %K at 18.98% indicates the stock is a buying.

Most Popular

[the_ad id="945"]