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H.C. Wainwright analysts initates a Buy rating for OptiNose Inc (OPTN)

OptiNose Inc’s filing revealed that its Chief Executive Officer Mahmoud Ramy A unloaded Company’s shares for reported $36092.0 on Mar 18 ’24. In the deal valued at $1.88 per share,19,198 shares were sold. As a result of this transaction, Mahmoud Ramy A now holds 1,331,278 shares worth roughly $1.5 million.

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Then, Marino Michael F III sold 15,059 shares, generating $28,311 in total proceeds. Upon selling the shares at $1.88, the Chief Legal Officer & Corp Sec now owns 602,268 shares.

Before that, Krick Anthony J sold 2,345 shares. OptiNose Inc shares valued at $4,409 were divested by the Chief Accounting Officer at a price of $1.88 per share. As a result of the transaction, Krick Anthony J now holds 143,988 shares, worth roughly $0.16 million.

H.C. Wainwright initiated its OptiNose Inc [OPTN] rating to a Buy in a research note published on March 11, 2024; the price target was $5. A number of analysts have revised their coverage, including Lake Street’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating.

Price Performance Review of OPTN

On Tuesday, OptiNose Inc [NASDAQ:OPTN] saw its stock fall -3.42% to $1.13. Over the last five days, the stock has gained 9.71%. OptiNose Inc shares have fallen nearly -12.40% since the year began. Nevertheless, the stocks have fallen -42.05% over the past one year. While a 52-week high of $2.10 was reached on 03/18/24, a 52-week low of $0.80 was recorded on 04/26/24. SMA at 50 days reached $1.3249, while 200 days put it at $1.2871. A total of 0.98 million shares were traded, compared to the trading of 0.66 million shares in the previous session.

Levels Of Support And Resistance For OPTN Stock

The 24-hour chart illustrates a support level at 1.0620, which if violated will result in even more drops to 0.9940. On the upside, there is a resistance level at 1.1890. A further resistance level may holdings at 1.2480. The Relative Strength Index (RSI) on the 14-day chart is 50.95, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1668, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 26.67%. Stochastics %K at 82.96% indicates the stock is a selling.

The most recent change occurred on December 18, 2019 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $25 price target.

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