The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. BioAtla Inc shares valued at $9,320 were purchased by MCBRINN SYLVIA on Dec 26 ’23. At $2.33 per share, MCBRINN SYLVIA acquired 4,000 shares. The insider’s holdings grew to 15,125 shares worth approximately $44013.75 following the completion of this transaction.
Also, SHORT JAY M PHD purchased 50,000 shares, netting a total of over 106,910 in proceeds. Following the buying of shares at $2.14 each, the insider now holds 1,439,283 shares.
Before that, STEINMAN LAWRENCE had added 20,000 shares to its account. In a trade valued at $41,048, the Director bought BioAtla Inc shares for $2.05 each. Upon closing the transaction, the insider’s holdings increased to 20,000 shares, worth approximately $0.11 million.
As published in their initiating research note from JMP Securities on September 15, 2022, BioAtla Inc [BCAB] has been a Mkt outperform and the price target has been revised to $17. Analysts at Credit Suisse downgraded the stock from ‘”an Outperform”‘ to ‘”a Neutral”‘ outlook in a report released in early May. As of March 21, 2022, H.C. Wainwright has initiated its “Buy” rating for BCAB.
Analyzing BCAB Stock Performance
During the last five days, there has been a drop of approximately -7.91%. Over the course of the year, BioAtla Inc shares have jumped approximately 18.29%. Shares of the company reached a 52-week high of $4.02 on 04/04/24 and a 52-week low of $1.77 on 02/01/24. A 50-day SMA is recorded $2.86, while a 200-day SMA reached $2.31. Nevertheless, trading volume fell to 0.51 million shares from 0.42 million shares the previous day.
Support And Resistance Levels for BioAtla Inc (BCAB)
According to the 24-hour chart, there is a support level at 2.76, which, if violated, would cause prices to drop to 2.60. In the upper region, resistance lies at 3.11. The next price resistance is at 3.30. RSI (Relative Strength Index) is 50.79 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.30, which suggests the price will decrease in the coming days. Percent R is at 40.65%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
