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Understanding the Risks of Investing in Fractyl Health Inc. (GUTS)

In a filing, Fractyl Health Inc. revealed its Director Elia Marc acquired Company’s shares for reported $7.0 million on Feb 06 ’24. In the deal valued at $15.00 per share,466,666 shares were bought. As a result of this transaction, Elia Marc now holds 1,856,117 shares worth roughly $12.29 million.

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Then, CVF, LLC bought 333,333 shares, generating $4,999,995 in total proceeds. Upon buying the shares at $15.00, the 10% Owner now owns 4,673,870 shares.

Before that, Mithril LP bought 333,333 shares. Fractyl Health Inc. shares valued at $4,999,995 were divested by the 10% Owner at a price of $15.00 per share. As a result of the transaction, Mithril LP now holds 1,251,900 shares, worth roughly $8.29 million.

Evercore ISI initiated its Fractyl Health Inc. [GUTS] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in late February with a ‘”an Overweight”‘ rating. BofA Securities began covering GUTS with “Buy” recommendation on February 27, 2024.

Price Performance Review of GUTS

On Tuesday, Fractyl Health Inc. [NASDAQ:GUTS] saw its stock jump 8.52% to $6.62. Over the last five days, the stock has gained 4.09%. Fractyl Health Inc. shares have fallen nearly -48.48% since the year began.

Levels Of Support And Resistance For GUTS Stock

The 24-hour chart illustrates a support level at 6.24, which if violated will result in even more drops to 5.87. On the upside, there is a resistance level at 6.88. A further resistance level may holdings at 7.15. The Relative Strength Index (RSI) on the 14-day chart is 48.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.18, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.81%. Stochastics %K at 29.45% indicates the stock is a holding.

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