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Processa Pharmaceuticals Inc [PCSA] Investment Guide: What You Need to Know

Processa Pharmaceuticals Inc’s recent filing unveils that its Pres. Research & Development Young David acquired Company’s shares for reported $51526.0 on Feb 07 ’24. In the deal valued at $2.45 per share,21,000 shares were bought. As a result of this transaction, Young David now holds 79,387 shares worth roughly $0.17 million.

Then, Young David bought 20,000 shares, generating $50,504 in total proceeds. Upon buying the shares at $2.53, the Pres. Research & Development now owns 58,387 shares.

Before that, Lin Patrick bought 1,500 shares. Processa Pharmaceuticals Inc shares valued at $3,600 were divested by the Chief Business – Strategy Off at a price of $2.40 per share. As a result of the transaction, Lin Patrick now holds 27,478 shares, worth roughly $59902.04.

H.C. Wainwright initiated its Processa Pharmaceuticals Inc [PCSA] rating to a Buy in a research note published on April 25, 2024; the price target was $8.

Price Performance Review of PCSA

On Tuesday, Processa Pharmaceuticals Inc [NASDAQ:PCSA] saw its stock jump 3.81% to $2.18. Over the last five days, the stock has gained 36.25%. Processa Pharmaceuticals Inc shares have fallen nearly -67.42% since the year began. Nevertheless, the stocks have fallen -82.70% over the past one year. While a 52-week high of $18.00 was reached on 01/04/24, a 52-week low of $1.40 was recorded on 04/16/24. SMA at 50 days reached $2.18, while 200 days put it at $5.94. A total of 0.38 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For PCSA Stock

The 24-hour chart illustrates a support level at 2.03, which if violated will result in even more drops to 1.87. On the upside, there is a resistance level at 2.29. A further resistance level may holdings at 2.39. The Relative Strength Index (RSI) on the 14-day chart is 52.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.06%. Stochastics %K at 48.99% indicates the stock is a holding.

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