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Tyra Biosciences Inc (TYRA) receives a Neutral rating from BofA Securities

Tyra Biosciences Inc’s recently made public that its Chief Operating Officer Bensen Daniel unloaded Company’s shares for reported $4000.0 on Mar 11 ’24. In the deal valued at $20.00 per share,200 shares were sold. As a result of this transaction, Bensen Daniel now holds 431,683 shares worth roughly $7.74 million.

Then, Bensen Daniel sold 68 shares, generating $1,360 in total proceeds. Upon selling the shares at $20.00, the Chief Operating Officer now owns 431,883 shares.

Before that, Bensen Daniel sold 1,733 shares. Tyra Biosciences Inc shares valued at $34,819 were divested by the Chief Operating Officer at a price of $20.09 per share. As a result of the transaction, Bensen Daniel now holds 431,951 shares, worth roughly $7.75 million.

BofA Securities downgraded its Tyra Biosciences Inc [TYRA] rating to a Neutral from a a Buy in a research note published on December 15, 2023; the price target was decreased to $15 from $25. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in late June with a ‘”an Outperform”‘ rating. Oppenheimer began covering TYRA with “an Outperform” recommendation on February 03, 2023. H.C. Wainwright started covering the stock on June 23, 2022. It rated TYRA as “a Buy”.

Price Performance Review of TYRA

On Tuesday, Tyra Biosciences Inc [NASDAQ:TYRA] saw its stock fall -2.23% to $17.94. Over the last five days, the stock has gained 4.91%. Tyra Biosciences Inc shares have risen nearly 29.53% since the year began. Nevertheless, the stocks have risen 44.44% over the past one year. While a 52-week high of $20.67 was reached on 02/28/24, a 52-week low of $10.38 was recorded on 01/05/24. SMA at 50 days reached $17.24, while 200 days put it at $14.89. A total of 0.31 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For TYRA Stock

The 24-hour chart illustrates a support level at 17.43, which if violated will result in even more drops to 16.92. On the upside, there is a resistance level at 18.76. A further resistance level may holdings at 19.59. The Relative Strength Index (RSI) on the 14-day chart is 58.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.42, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 26.11%. Stochastics %K at 75.95% indicates the stock is a holding.

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