Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Abeona Therapeutics Inc shares valued at $24,764 were purchased by Charles Faith L. on Apr 26 ’24. At $3.28 per share, Charles Faith L. acquired 7,550 shares. The insider’s holdings grew to 78,323 shares worth approximately $0.32 million following the completion of this transaction.
Also, Seshadri Vishwas purchased 10,000 shares, netting a total of over 32,000 in proceeds. Following the buying of shares at $3.20 each, the insider now holds 538,260 shares.
Before that, O’Malley Brendan M. had added 8,600 shares to its account. In a trade valued at $27,864, the SVP, General Counsel bought Abeona Therapeutics Inc shares for $3.24 each. Upon closing the transaction, the insider’s holdings increased to 8,600 shares, worth approximately $0.77 million.
As published in a research note from Cantor Fitzgerald on November 11, 2020, Abeona Therapeutics Inc [ABEO] has been rated up from a Neutral to an Overweight and the price target has been revised to $4. Analysts at B. Riley FBR started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of February 10, 2020, SVB Leerink has initiated its “an Outperform” rating for ABEO.
Analyzing ABEO Stock Performance
During the last five days, there has been a surge of approximately 27.59%. Over the course of the year, Abeona Therapeutics Inc shares have dropped approximately -18.76%. Shares of the company reached a 52-week high of $9.01 on 03/06/24 and a 52-week low of $3.05 on 04/25/24. A 50-day SMA is recorded $6.99, while a 200-day SMA reached $5.04. Nevertheless, trading volume fell to 0.75 million shares from 1.22 million shares the previous day.
Support And Resistance Levels for Abeona Therapeutics Inc (ABEO)
According to the 24-hour chart, there is a support level at 3.85, which, if violated, would cause prices to drop to 3.62. In the upper region, resistance lies at 4.29. The next price resistance is at 4.50. RSI (Relative Strength Index) is 33.22 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.27, which suggests the price will decrease in the coming days. Percent R is at 81.11%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
