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Taking a Closer Look At Theravance Biopharma Inc (TBPH) Following Its Recent Trade

Theravance Biopharma Inc’s recently made public that its SVP, COMM & MEDICAL AFFAIRS Farnum Rhonda unloaded Company’s shares for reported $10922.0 on Feb 22 ’24. In the deal valued at $8.71 per share,1,254 shares were sold. As a result of this transaction, Farnum Rhonda now holds 311,733 shares worth roughly $2.63 million.

Then, Farnum Rhonda sold 1,378 shares, generating $14,180 in total proceeds. Upon selling the shares at $10.29, the SVP, COMM & MEDICAL AFFAIRS now owns 331,206 shares.

Before that, GRAHAM RICHARD A sold 2,482 shares. Theravance Biopharma Inc shares valued at $25,366 were divested by the SVP, RESEARCH & DEVELOPMENT at a price of $10.22 per share. As a result of the transaction, GRAHAM RICHARD A now holds 346,839 shares, worth roughly $2.93 million.

BTIG Research initiated its Theravance Biopharma Inc [TBPH] rating to a Buy in a research note published on April 12, 2024; the price target was $21. A number of analysts have revised their coverage, including Evercore ISI’s analysts, who decreased its forecast for the stock in early January from “an Outperform” to “an In-line”. SVB Leerink began covering TBPH with “an Outperform” recommendation on May 23, 2022. JP Morgan revised its rating on November 05, 2021. It rated TBPH as “a Neutral” which previously was an “an Underweight”.

Price Performance Review of TBPH

On Tuesday, Theravance Biopharma Inc [NASDAQ:TBPH] saw its stock fall -6.12% to $8.44. Over the last five days, the stock has lost -8.46%. Theravance Biopharma Inc shares have fallen nearly -24.91% since the year began. Nevertheless, the stocks have fallen -22.07% over the past one year. While a 52-week high of $11.98 was reached on 01/04/24, a 52-week low of $8.21 was recorded on 02/08/24. SMA at 50 days reached $9.07, while 200 days put it at $9.60. A total of 0.37 million shares were traded, compared to the trading of 0.29 million shares in the previous session.

Levels Of Support And Resistance For TBPH Stock

The 24-hour chart illustrates a support level at 8.25, which if violated will result in even more drops to 8.05. On the upside, there is a resistance level at 8.81. A further resistance level may holdings at 9.17. The Relative Strength Index (RSI) on the 14-day chart is 35.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.01%. Stochastics %K at 9.82% indicates the stock is a buying.

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