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Travere Therapeutics Inc (TVTX) receives a Neutral rating from Guggenheim

Travere Therapeutics Inc’s recent filing unveils that its CHIEF FINANCIAL OFFICER Cline Christopher R. unloaded Company’s shares for reported $364.0 on Apr 11 ’24. In the deal valued at $6.74 per share,54 shares were sold. As a result of this transaction, Cline Christopher R. now holds 70,849 shares worth roughly $0.45 million.

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Then, Dube Eric M sold 19,122 shares, generating $166,435 in total proceeds. Upon selling the shares at $8.70, the CHIEF EXECUTIVE OFFICER now owns 350,600 shares.

Before that, REED ELIZABETH E sold 4,764 shares. Travere Therapeutics Inc shares valued at $41,495 were divested by the SVP, GC & CORPORATE SECRETARY at a price of $8.71 per share. As a result of the transaction, REED ELIZABETH E now holds 76,270 shares, worth roughly $0.48 million.

Guggenheim downgraded its Travere Therapeutics Inc [TVTX] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who increased its forecast for the stock in early December from “a Neutral” to “a Buy”. Citigroup began covering TVTX with “Neutral” recommendation on November 20, 2023. Wells Fargo revised its rating on September 22, 2023. It rated TVTX as “an Equal weight” which previously was an “an Overweight”.

Price Performance Review of TVTX

On Monday, Travere Therapeutics Inc [NASDAQ:TVTX] saw its stock jump 0.63% to $6.34. Over the last five days, the stock has lost -3.21%. Travere Therapeutics Inc shares have fallen nearly -29.48% since the year began. Nevertheless, the stocks have fallen -60.77% over the past one year. While a 52-week high of $19.54 was reached on 01/10/24, a 52-week low of $5.12 was recorded on 04/25/24. SMA at 50 days reached $6.91, while 200 days put it at $8.88. A total of 0.79 million shares were traded, compared to the trading of 0.97 million shares in the previous session.

Levels Of Support And Resistance For TVTX Stock

The 24-hour chart illustrates a support level at 6.19, which if violated will result in even more drops to 6.03. On the upside, there is a resistance level at 6.53. A further resistance level may holdings at 6.71. The Relative Strength Index (RSI) on the 14-day chart is 48.80, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.35, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.53%. Stochastics %K at 50.32% indicates the stock is a holding.

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