Kronos Bio Inc’s filing revealed that its PRESIDENT & CEO BISCHOFBERGER NORBERT W acquired Company’s shares for reported $1.1 million on Jun 12 ’24. In the deal valued at $1.24 per share,881,913 shares were bought. As a result of this transaction, BISCHOFBERGER NORBERT W now holds 7,375,616 shares worth roughly $7.97 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, BISCHOFBERGER NORBERT W bought 744,308 shares, generating $814,571 in total proceeds. Upon buying the shares at $1.09, the PRESIDENT & CEO now owns 6,493,703 shares.
Before that, BISCHOFBERGER NORBERT W bought 1,378,901 shares. Kronos Bio Inc shares valued at $1,208,469 were divested by the PRESIDENT & CEO at a price of $0.88 per share. As a result of the transaction, BISCHOFBERGER NORBERT W now holds 5,749,395 shares, worth roughly $6.21 million.
Berenberg initiated its Kronos Bio Inc [KRON] rating to a Buy in a research note published on September 14, 2022; the price target was $12. H.C. Wainwright began covering KRON with “Buy” recommendation on June 24, 2021. Piper Sandler started covering the stock on November 03, 2020. It rated KRON as “an Overweight”.
Price Performance Review of KRON
On Friday, Kronos Bio Inc [NASDAQ:KRON] saw its stock jump 1.89% to $1.08. Over the last five days, the stock has gained 45.45%. Kronos Bio Inc shares have fallen nearly -13.60% since the year began. Nevertheless, the stocks have fallen -33.33% over the past one year. While a 52-week high of $2.29 was reached on 03/11/24, a 52-week low of $0.69 was recorded on 05/24/24. SMA at 50 days reached $0.9907, while 200 days put it at $1.1128. A total of 0.54 million shares were traded, compared to the trading of 1.94 million shares in the previous session.
Levels Of Support And Resistance For KRON Stock
The 24-hour chart illustrates a support level at 1.0267, which if violated will result in even more drops to 0.9733. On the upside, there is a resistance level at 1.1467. A further resistance level may holdings at 1.2133. The Relative Strength Index (RSI) on the 14-day chart is 57.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.2581, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.66%. Stochastics %K at 71.29% indicates the stock is a holding.
The most recent change occurred on November 03, 2020 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $36 price target.
