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Taking a Closer Look At RAPT Therapeutics Inc (RAPT) Following Its Recent Trade

In a filing, RAPT Therapeutics Inc revealed its CHIEF SCIENTIFIC OFFICER Brockstedt Dirk G. unloaded Company’s shares for reported $20456.0 on Jan 05 ’24. In the deal valued at $22.78 per share,898 shares were sold. As a result of this transaction, Brockstedt Dirk G. now holds 27,820 shares worth roughly $0.21 million.

Then, HO WILLIAM sold 2,500 shares, generating $54,200 in total proceeds. Upon selling the shares at $21.68, the Chief Medical Officer now owns 15,020 shares.

Before that, HO WILLIAM sold 1,500 shares. RAPT Therapeutics Inc shares valued at $20,580 were divested by the Chief Medical Officer at a price of $13.72 per share. As a result of the transaction, HO WILLIAM now holds 17,520 shares, worth roughly $0.13 million.

UBS downgraded its RAPT Therapeutics Inc [RAPT] rating to a Neutral from a a Buy in a research note published on February 22, 2024; the price target was decreased to $10 from $61. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who decreased its forecast for the stock in late February from “an Outperform” to “a Market perform”. JP Morgan also remained covering RAPT and has decreased its forecast on February 21, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. H.C. Wainwright revised its rating on February 21, 2024. It rated RAPT as “a Neutral” which previously was an “a Buy”.

Price Performance Review of RAPT

On Tuesday, RAPT Therapeutics Inc [NASDAQ:RAPT] saw its stock fall -2.28% to $7.70. Over the last five days, the stock has lost -3.75%. RAPT Therapeutics Inc shares have fallen nearly -69.01% since the year began. Nevertheless, the stocks have fallen -57.69% over the past one year. While a 52-week high of $27.35 was reached on 02/12/24, a 52-week low of $6.86 was recorded on 02/20/24. SMA at 50 days reached $8.48, while 200 days put it at $16.60. A total of 0.52 million shares were traded, compared to the trading of 0.38 million shares in the previous session.

Levels Of Support And Resistance For RAPT Stock

The 24-hour chart illustrates a support level at 7.60, which if violated will result in even more drops to 7.50. On the upside, there is a resistance level at 7.88. A further resistance level may holdings at 8.05. The Relative Strength Index (RSI) on the 14-day chart is 37.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.28, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 91.56%. Stochastics %K at 17.50% indicates the stock is a buying.

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