Fortress Biotech Inc’s filing revealed that its Director Klein Dov unloaded Company’s shares for reported $18900.0 on May 20 ’24. In the deal valued at $1.89 per share,10,000 shares were sold. As a result of this transaction, Klein Dov now holds 53,400 shares worth roughly $0.11 million.
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Then, ROSENWALD LINDSAY A MD bought 10,000 shares, generating $17,589 in total proceeds. Upon buying the shares at $1.76, the President, CEO & Chairman now owns 2,873,905 shares.
Before that, ROSENWALD LINDSAY A MD bought 50,000 shares. Fortress Biotech Inc shares valued at $118,770 were divested by the President, CEO & Chairman at a price of $2.38 per share. As a result of the transaction, ROSENWALD LINDSAY A MD now holds 2,863,905 shares, worth roughly $5.67 million.
A number of analysts have revised their coverage, including Ladenburg Thalmann’s analysts, who began to cover the stock in early August with a ‘”a Buy”‘ rating. The Benchmark Company began covering FBIO with “Buy” recommendation on October 02, 2020. B. Riley FBR started covering the stock on December 18, 2019. It rated FBIO as “a Buy”.
Price Performance Review of FBIO
On Tuesday, Fortress Biotech Inc [NASDAQ:FBIO] saw its stock jump 1.54% to $1.98. Over the last five days, the stock has gained 12.50%. Fortress Biotech Inc shares have fallen nearly -34.22% since the year began. Nevertheless, the stocks have fallen -74.37% over the past one year. While a 52-week high of $10.65 was reached on 01/02/24, a 52-week low of $1.24 was recorded on 03/14/24. SMA at 50 days reached $1.8358, while 200 days put it at $2.9344. A total of 0.3 million shares were traded, compared to the trading of 0.2 million shares in the previous session.
Levels Of Support And Resistance For FBIO Stock
The 24-hour chart illustrates a support level at 1.8768, which if violated will result in even more drops to 1.7735. On the upside, there is a resistance level at 2.0765. A further resistance level may holdings at 2.1729. The Relative Strength Index (RSI) on the 14-day chart is 64.38, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1633, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 21.37%. Stochastics %K at 88.15% indicates the stock is a selling.
The most recent change occurred on February 28, 2018 when B. Riley FBR Inc. began covering the stock and recommended ‘”a Buy”‘ rating along with a $10 price target.
