Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Delcath Systems Inc shares valued at $100,001 were purchased by Aharon Gil on Mar 19 ’24. At $3.72 per share, Aharon Gil acquired 26,882 shares. The insider’s holdings grew to 1,069,710 shares worth approximately $5.78 million following the completion of this transaction.
Also, SALAMON STEVEN A J purchased 26,882 shares, netting a total of over 100,001 in proceeds. Following the buying of shares at $3.72 each, the insider now holds 1,121,025 shares.
Before that, Vukovic Vojo had added 40,000 shares to its account. In a trade valued at $120,000, the Chief Medical Officer bought Delcath Systems Inc shares for $3.00 each. Upon closing the transaction, the insider’s holdings increased to 40,000 shares, worth approximately $0.54 million.
Analysts at H.C. Wainwright started covering the stock with ‘”a Buy”‘ outlook in a report released in early December. As of March 09, 2021, Canaccord Genuity has initiated its “Buy” rating for DCTH. Earlier on January 05, 2021, BTIG Research initiated its rating. Their recommendation was “a Buy” for DCTH stock.
Analyzing DCTH Stock Performance
During the last five days, there has been a drop of approximately -0.92%. Over the course of the year, Delcath Systems Inc shares have jumped approximately 29.81%. Shares of the company reached a 52-week high of $5.74 on 04/23/24 and a 52-week low of $3.70 on 03/14/24. A 50-day SMA is recorded $4.60, while a 200-day SMA reached $4.13. Nevertheless, trading volume fell to 0.34 million shares from 0.16 million shares the previous day.
Support And Resistance Levels for Delcath Systems Inc (DCTH)
According to the 24-hour chart, there is a support level at 5.19, which, if violated, would cause prices to drop to 4.98. In the upper region, resistance lies at 5.57. The next price resistance is at 5.73. RSI (Relative Strength Index) is 61.45 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.16, which suggests the price will decrease in the coming days. Percent R is at 23.05%, indicating bullish price movement. Stochastics %K at holding indicates that the stock is to be held.
