Crinetics Pharmaceuticals Inc’s recently made public that its Chief Scientific Officer Betz Stephen F. unloaded Company’s shares for reported $0.13 million on Jun 10 ’24. In the deal valued at $43.86 per share,3,000 shares were sold. As a result of this transaction, Betz Stephen F. now holds 83,643 shares worth roughly $3.79 million.
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Then, Betz Stephen F. sold 3,000 shares, generating $142,470 in total proceeds. Upon selling the shares at $47.49, the Chief Scientific Officer now owns 86,643 shares.
Before that, Betz Stephen F. sold 3,000 shares. Crinetics Pharmaceuticals Inc shares valued at $148,290 were divested by the Chief Scientific Officer at a price of $49.43 per share. As a result of the transaction, Betz Stephen F. now holds 89,643 shares, worth roughly $4.06 million.
Citigroup initiated its Crinetics Pharmaceuticals Inc [CRNX] rating to a Buy in a research note published on March 06, 2024; the price target was $68. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Jefferies began covering CRNX with “Hold” recommendation on December 21, 2023.
Price Performance Review of CRNX
On Friday, Crinetics Pharmaceuticals Inc [NASDAQ:CRNX] saw its stock fall -3.33% to $45.33. Over the last five days, the stock has gained 1.39%. Crinetics Pharmaceuticals Inc shares have risen nearly 27.40% since the year began. Nevertheless, the stocks have risen 122.31% over the past one year. While a 52-week high of $53.70 was reached on 05/22/24, a 52-week low of $15.76 was recorded on 01/05/24. SMA at 50 days reached $46.46, while 200 days put it at $36.90. A total of 0.58 million shares were traded, compared to the trading of 0.77 million shares in the previous session.
Levels Of Support And Resistance For CRNX Stock
The 24-hour chart illustrates a support level at 44.68, which if violated will result in even more drops to 44.02. On the upside, there is a resistance level at 46.36. A further resistance level may holdings at 47.38. The Relative Strength Index (RSI) on the 14-day chart is 45.57, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.69, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 66.80%. Stochastics %K at 47.16% indicates the stock is a holding.
