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Collegium Pharmaceutical Inc [COLL] EVP and Chief Medical Officer makes an insider sale of 995 shares worth 36,580.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Collegium Pharmaceutical Inc shares valued at $36,580 were sold by Smith Thomas B on Feb 29 ’24. At $36.76 per share, Smith Thomas B sold 995 shares. The insider’s holdings dropped to 63,409 shares worth approximately $2.15 million following the completion of this transaction.

Also, Dreyer Scott sold 10,000 shares, netting a total of over 364,270 in proceeds. Following the sale of shares at $36.43 each, the insider now holds 138,918 shares.

Before that, Dreyer Scott had sold 23,560 shares from its account. In a trade valued at $760,519, the EVP & Chief Commercial Officer traded Collegium Pharmaceutical Inc shares for $32.28 each. Upon closing the transaction, the insider’s holdings decreased to 23,560 shares, worth approximately $3.78 million.

As published in a research note from Piper Sandler on May 10, 2024, Collegium Pharmaceutical Inc [COLL] has been rated down from an Overweight to a Neutral and the price target has been revised to $39. Analysts at Needham downgraded the stock from ‘”a Buy”‘ to ‘”a Hold”‘ outlook in a report released in early May. As of January 04, 2024, Jefferies has decreased its “Buy” rating to a “Hold” for COLL. Earlier on August 25, 2023, Needham resumed its rating. Their recommendation was “a Buy” for COLL stock.

Analyzing COLL Stock Performance

During the last five days, there has been a drop of approximately -10.72%. Over the course of the year, Collegium Pharmaceutical Inc shares have jumped approximately 10.40%. Shares of the company reached a 52-week high of $40.95 on 03/28/24 and a 52-week low of $30.42 on 05/10/24. A 50-day SMA is recorded $37.26, while a 200-day SMA reached $29.60. Nevertheless, trading volume fell to 1.07 million shares from 0.73 million shares the previous day.

Support And Resistance Levels for Collegium Pharmaceutical Inc (COLL)

According to the 24-hour chart, there is a support level at 33.25, which, if violated, would cause prices to drop to 32.52. In the upper region, resistance lies at 34.76. The next price resistance is at 35.54. RSI (Relative Strength Index) is 41.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.86, which suggests the price will decrease in the coming days. Percent R is at 56.48%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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