CARGO Therapeutics Inc’s filing revealed that its 10% Owner Samsara BioCapital GP, LLC acquired Company’s shares for reported $5.0 million on May 30 ’24. In the deal valued at $17.00 per share,294,000 shares were bought. As a result of this transaction, Samsara BioCapital GP, LLC now holds 4,415,689 shares worth roughly $65.79 million.
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Then, Third Rock Ventures V, L.P. bought 1,333,333 shares, generating $19,999,995 in total proceeds. Upon buying the shares at $15.00, the 10% Owner now owns 1,807,119 shares.
Before that, PERCEPTIVE ADVISORS LLC bought 666,666 shares. CARGO Therapeutics Inc shares valued at $9,999,990 were divested by the Former 10% Owner at a price of $15.00 per share. As a result of the transaction, PERCEPTIVE ADVISORS LLC now holds 2,912,835 shares, worth roughly $43.4 million.
Truist initiated its CARGO Therapeutics Inc [CRGX] rating to a Buy in a research note published on December 05, 2023; the price target was $34. A number of analysts have revised their coverage, including TD Cowen’s analysts, who began to cover the stock in early December with a ‘”an Outperform”‘ rating. JP Morgan began covering CRGX with “an Overweight” recommendation on December 05, 2023. Jefferies started covering the stock on December 05, 2023. It rated CRGX as “a Buy”.
Price Performance Review of CRGX
On Tuesday, CARGO Therapeutics Inc [NASDAQ:CRGX] saw its stock fall -4.30% to $14.90. Over the last five days, the stock has lost -6.41%. CARGO Therapeutics Inc shares have fallen nearly -35.64% since the year began. A total of 0.26 million shares were traded, compared to the trading of 0.36 million shares in the previous session.
Levels Of Support And Resistance For CRGX Stock
The 24-hour chart illustrates a support level at 14.25, which if violated will result in even more drops to 13.60. On the upside, there is a resistance level at 16.13. A further resistance level may holdings at 17.36. The Relative Strength Index (RSI) on the 14-day chart is 29.32, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.47, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 93.99%. Stochastics %K at 9.12% indicates the stock is a buying.
