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Potential Price Increase for Arcturus Therapeutics Holdings Inc (ARCT) After Recent Insider Activity

Arcturus Therapeutics Holdings Inc’s recent filing unveils that its Chief Scientific Officer & COO Chivukula Pad unloaded Company’s shares for reported $0.61 million on Mar 25 ’24. In the deal valued at $35.02 per share,17,435 shares were sold. As a result of this transaction, Chivukula Pad now holds 473,448 shares worth roughly $14.08 million.

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Then, Chivukula Pad sold 8,565 shares, generating $299,839 in total proceeds. Upon selling the shares at $35.01, the Chief Scientific Officer & COO now owns 490,883 shares.

Before that, Chivukula Pad sold 5,000 shares. Arcturus Therapeutics Holdings Inc shares valued at $93,602 were divested by the Chief Scientific Officer & COO at a price of $18.72 per share. As a result of the transaction, Chivukula Pad now holds 499,448 shares, worth roughly $14.85 million.

Canaccord Genuity initiated its Arcturus Therapeutics Holdings Inc [ARCT] rating to a Buy in a research note published on December 13, 2023; the price target was $90. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in late July with a ‘”an Outperform”‘ rating. H.C. Wainwright also remained covering ARCT and has increased its forecast on May 11, 2023 with a “Buy” recommendation from previously “Neutral” rating.

Price Performance Review of ARCT

On Tuesday, Arcturus Therapeutics Holdings Inc [NASDAQ:ARCT] saw its stock jump 3.55% to $29.74. Over the last five days, the stock has gained 7.91%. Arcturus Therapeutics Holdings Inc shares have fallen nearly -5.68% since the year began. Nevertheless, the stocks have fallen -2.75% over the past one year. While a 52-week high of $43.81 was reached on 02/27/24, a 52-week low of $17.52 was recorded on 04/25/24. SMA at 50 days reached $31.16, while 200 days put it at $29.47. A total of 0.84 million shares were traded, compared to the trading of 0.28 million shares in the previous session.

Levels Of Support And Resistance For ARCT Stock

The 24-hour chart illustrates a support level at 28.71, which if violated will result in even more drops to 27.69. On the upside, there is a resistance level at 30.59. A further resistance level may holdings at 31.45. The Relative Strength Index (RSI) on the 14-day chart is 54.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.34, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 13.57%. Stochastics %K at 75.68% indicates the stock is a holding.

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