Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Seelos Therapeutics Inc shares valued at $99,999 were purchased by Mehra Raj on Dec 01 ’23. At $1.32 per share, Mehra Raj acquired 75,757 shares. The insider’s holdings grew to 185,142 shares worth approximately $55542.6 following the completion of this transaction.
Also, Golembiewski Michael Joseph purchased 83,000 shares, netting a total of over 100,222 in proceeds. Following the buying of shares at $1.21 each, the insider now holds 86,450 shares.
As published in a research note from ROTH Capital on September 27, 2021, Seelos Therapeutics Inc [SEEL] has been rated up from a Neutral to a Buy and the price target has been revised to $8 from $2.50. Analysts at Guggenheim started covering the stock with ‘”a Buy”‘ outlook in a report released in early July. As of June 01, 2021, Cantor Fitzgerald has initiated its “an Overweight” rating for SEEL. Earlier on May 17, 2021, ROTH Capital downgraded its rating. Their new recommendation was “a Neutral” for SEEL stock which previously was a “a Buy”.
Analyzing SEEL Stock Performance
During the last five days, there has been a drop of approximately -0.33%. Over the course of the year, Seelos Therapeutics Inc shares have dropped approximately -78.42%. Shares of the company reached a 52-week high of $1.9300 on 01/09/24 and a 52-week low of $0.2705 on 04/30/24. A 50-day SMA is recorded $0.6852, while a 200-day SMA reached $10.1950. Nevertheless, trading volume fell to 0.33 million shares from 0.36 million shares the previous day.
Support And Resistance Levels for Seelos Therapeutics Inc (SEEL)
According to the 24-hour chart, there is a support level at 0.2767, which, if violated, would cause prices to drop to 0.2534. In the upper region, resistance lies at 0.3186. The next price resistance is at 0.3372. RSI (Relative Strength Index) is 28.15 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0477, which suggests the price will decrease in the coming days. Percent R is at 86.73%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
