LENZ Therapeutics Inc.’s recent filing unveils that its Chief Financial Officer Chevallard Daniel R. acquired Company’s shares for reported $49988.0 on May 14 ’24. In the deal valued at $15.68 per share,3,188 shares were bought. As a result of this transaction, Chevallard Daniel R. now holds 3,188 shares worth roughly $55120.52.
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Then, MCCOLLUM JAMES W bought 31,332 shares, generating $501,093 in total proceeds. Upon buying the shares at $15.99, the Director now owns 525,565 shares.
Before that, RA CAPITAL MANAGEMENT, L.P. bought 998,009 shares. LENZ Therapeutics Inc. shares valued at $15,000,075 were divested by the Director at a price of $15.03 per share. As a result of the transaction, RA CAPITAL MANAGEMENT, L.P. now holds 3,319,339 shares, worth roughly $57.39 million.
William Blair initiated its LENZ Therapeutics Inc. [LENZ] rating to an Outperform in a research note published recently. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. Citigroup began covering LENZ with “Buy” recommendation on April 10, 2024. Piper Sandler started covering the stock on March 27, 2024. It rated LENZ as “an Overweight”.
Price Performance Review of LENZ
On Friday, LENZ Therapeutics Inc. [NASDAQ:LENZ] saw its stock fall -2.92% to $17.29. Over the last five days, the stock has lost -6.08%. LENZ Therapeutics Inc. shares have risen nearly 39.44% since the year began. Nevertheless, the stocks have risen 38.38% over the past one year. While a 52-week high of $24.59 was reached on 03/11/24, a 52-week low of $9.51 was recorded on 06/04/24. SMA at 50 days reached $16.66, while 200 days put it at $18.13. A total of 1.2 million shares were traded, compared to the trading of 0.15 million shares in the previous session.
Levels Of Support And Resistance For LENZ Stock
The 24-hour chart illustrates a support level at 16.53, which if violated will result in even more drops to 15.78. On the upside, there is a resistance level at 18.00. A further resistance level may holdings at 18.72. The Relative Strength Index (RSI) on the 14-day chart is 49.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 63.00%. Stochastics%K at 45.41% indicates the stock is a holding.
