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Protagonist Therapeutics Inc [PTGX] Records 200-Day SMA of $23.77

Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Protagonist Therapeutics Inc shares valued at $1,231,650 were sold by PATEL DINESH V PH D on Jun 07 ’24. At $35.19 per share, PATEL DINESH V PH D sold 35,000 shares. The insider’s holdings dropped to 515,415 shares worth approximately $16.2 million following the completion of this transaction.

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Also, Waddill William D. sold 8,000 shares, netting a total of over 280,000 in proceeds. Following the sale of shares at $35.00 each, the insider now holds 12,000 shares.

Before that, Ali Asif had sold 1,234 shares from its account. In a trade valued at $30,986, the Chief Financial Officer traded Protagonist Therapeutics Inc shares for $25.11 each. Upon closing the transaction, the insider’s holdings decreased to 1,234 shares, worth approximately $1.17 million.

As published in their initiating research note from CapitalOne on October 30, 2023, Protagonist Therapeutics Inc [PTGX] has been an Overweight and the price target has been revised to $32. As of August 25, 2022, JMP Securities has initiated its “Mkt outperform” rating for PTGX. Earlier on February 11, 2022, BTIG Research initiated its rating. Their recommendation was “a Buy” for PTGX stock.

Analyzing PTGX Stock Performance

During the last five days, there has been a drop of approximately -7.48%. Over the course of the year, Protagonist Therapeutics Inc shares have jumped approximately 37.07%. Shares of the company reached a 52-week high of $35.96 on 06/12/24 and a 52-week low of $21.43 on 01/05/24. A 50-day SMA is recorded $29.07, while a 200-day SMA reached $23.77. Nevertheless, trading volume fell to 0.58 million shares from 0.73 million shares the previous day.

Support And Resistance Levels for Protagonist Therapeutics Inc (PTGX)

According to the 24-hour chart, there is a support level at 30.88, which, if violated, would cause prices to drop to 30.32. In the upper region, resistance lies at 32.33. The next price resistance is at 33.22. RSI (Relative Strength Index) is 50.39 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.37, which suggests the price will decrease in the coming days. Percent R is at 54.19%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.

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