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Cullinan Therapeutics Inc [CGEM] Insider Michaelson Jennifer sells 5,606 Shares – Insider Selling Alert

Cullinan Therapeutics Inc’s filing revealed that its Chief Scientific Officer Michaelson Jennifer unloaded Company’s shares for reported $0.17 million on May 07 ’24. In the deal valued at $30.06 per share,5,606 shares were sold. As a result of this transaction, Michaelson Jennifer now holds 129,582 shares worth roughly $3.39 million.

Then, Michaelson Jennifer sold 58,000 shares, generating $1,628,159 in total proceeds. Upon selling the shares at $28.07, the Chief Scientific Officer now owns 129,582 shares.

Before that, Savill Corrine sold 40,000 shares. Cullinan Therapeutics Inc shares valued at $647,200 were divested by the Chief Business Officer at a price of $16.18 per share. As a result of the transaction, Savill Corrine now holds 165,990 shares, worth roughly $4.34 million.

Stifel initiated its Cullinan Therapeutics Inc [CGEM] rating to a Buy in a research note published on May 01, 2024; the price target was $40. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Wedbush began covering CGEM with “an Outperform” recommendation on February 15, 2024. TD Cowen started covering the stock on June 15, 2023. It rated CGEM as “an Outperform”.

Price Performance Review of CGEM

On Monday, Cullinan Therapeutics Inc [NASDAQ:CGEM] saw its stock fall -1.66% to $26.13. Over the last five days, the stock has lost -7.99%. Cullinan Therapeutics Inc shares have risen nearly 156.43% since the year began. Nevertheless, the stocks have risen 171.62% over the past one year. While a 52-week high of $30.19 was reached on 05/07/24, a 52-week low of $7.64 was recorded on 01/11/24. SMA at 50 days reached $19.47, while 200 days put it at $13.10. A total of 0.7 million shares were traded, compared to the trading of 0.59 million shares in the previous session.

Levels Of Support And Resistance For CGEM Stock

The 24-hour chart illustrates a support level at 25.60, which if violated will result in even more drops to 25.07. On the upside, there is a resistance level at 27.13. A further resistance level may holdings at 28.13. The Relative Strength Index (RSI) on the 14-day chart is 62.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.41, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.71%. Stochastics %K at 75.16% indicates the stock is a holding.

The most recent change occurred on November 21, 2022 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $20 price target.

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