Boundless Bio Inc.’s recent filing unveils that its 10% Owner RA CAPITAL MANAGEMENT, L.P. acquired Company’s shares for reported $5.0 million on Apr 02 ’24. In the deal valued at $16.00 per share,312,500 shares were bought. As a result of this transaction, RA CAPITAL MANAGEMENT, L.P. now holds 1,884,787 shares worth roughly $8.35 million.
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Then, ARCH Venture Fund IX, L.P. bought 200,000 shares, generating $3,200,000 in total proceeds. Upon buying the shares at $16.00, the 10% Owner now owns 1,181,766 shares.
Before that, CRANDELL KEITH bought 200,000 shares. Boundless Bio Inc. shares valued at $3,200,000 were divested by the 10% Owner at a price of $16.00 per share. As a result of the transaction, CRANDELL KEITH now holds 1,181,766 shares, worth roughly $5.24 million.
Piper Sandler initiated its Boundless Bio Inc. [BOLD] rating to an Overweight in a research note published on April 22, 2024; the price target was $20. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in late April with a ‘”an Outperform”‘ rating. Guggenheim began covering BOLD with “Buy” recommendation on April 22, 2024.
Price Performance Review of BOLD
On Tuesday, Boundless Bio Inc. [NASDAQ:BOLD] saw its stock fall -18.11% to $4.43. Over the last five days, the stock has lost -28.20%. Boundless Bio Inc. shares have fallen nearly -68.91% since the year began. A total of 0.32 million shares were traded, compared to the trading of 0.26 million shares in the previous session.
Levels Of Support And Resistance For BOLD Stock
The 24-hour chart illustrates a support level at 4.09, which if violated will result in even more drops to 3.74. On the upside, there is a resistance level at 5.11. A further resistance level may holdings at 5.78. The Relative Strength Index (RSI) on the 14-day chart is 25.33, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.82%. Stochastics %K at 4.54% indicates the stock is a buying.
