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CORT (Corcept Therapeutics Inc) may reap gains as insiders became active recently

Corcept Therapeutics Inc’s recent filing unveils that its insider Lyon Joseph Douglas unloaded Company’s shares for reported $0.19 million on May 09 ’24. In the deal valued at $26.00 per share,7,227 shares were sold. As a result of this transaction, Lyon Joseph Douglas now holds 7,314 shares worth roughly $0.2 million.

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Then, Lyon Joseph Douglas sold 10,830 shares, generating $281,580 in total proceeds. Upon selling the shares at $26.00, the insider now owns 7,314 shares.

Before that, Swisher Daniel N JR sold 2,200 shares. Corcept Therapeutics Inc shares valued at $50,798 were divested by the Director at a price of $23.09 per share. As a result of the transaction, Swisher Daniel N JR now holds 0 shares, worth roughly $0.0.

Truist upgraded its Corcept Therapeutics Inc [CORT] rating to a Buy from a a Hold in a research note published on November 06, 2023; the price target was increased to $38 from $29. A number of analysts have revised their coverage, including SVB Securities’s analysts, who began to cover the stock in mid April with a ‘”a Market perform”‘ rating. Piper Sandler began covering CORT with “an Overweight” recommendation on April 04, 2023. Jefferies revised its rating on February 15, 2023. It rated CORT as “a Hold” which previously was an “a Buy”.

Price Performance Review of CORT

On Monday, Corcept Therapeutics Inc [NASDAQ:CORT] saw its stock jump 1.81% to $27.53. Over the last five days, the stock has gained 14.85%. Corcept Therapeutics Inc shares have fallen nearly -15.24% since the year began. Nevertheless, the stocks have risen 15.14% over the past one year. While a 52-week high of $34.28 was reached on 05/13/24, a 52-week low of $20.84 was recorded on 04/22/24. SMA at 50 days reached $24.20, while 200 days put it at $26.64. A total of 1.77 million shares were traded, compared to the trading of 1.55 million shares in the previous session.

Levels Of Support And Resistance For CORT Stock

The 24-hour chart illustrates a support level at 26.75, which if violated will result in even more drops to 25.97. On the upside, there is a resistance level at 28.79. A further resistance level may holdings at 30.05. The Relative Strength Index (RSI) on the 14-day chart is 69.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.58, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 23.93%. Stochastics %K at 89.23% indicates the stock is a selling.

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