Adicet Bio Inc’s recent filing unveils that its Director Kauffman Michael unloaded Company’s shares for reported $8437.0 on Jun 05 ’24. In the deal valued at $1.43 per share,5,900 shares were sold. As a result of this transaction, Kauffman Michael now holds 5,900 shares worth roughly $7139.0.
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Then, ORBIMED ADVISORS LLC bought 3,125,000 shares, generating $7,500,000 in total proceeds. Upon buying the shares at $2.40, the Director now owns 7,526,359 shares.
Before that, GORDON CARL L bought 3,125,000 shares. Adicet Bio Inc shares valued at $7,500,000 were divested by the Director at a price of $2.40 per share. As a result of the transaction, GORDON CARL L now holds 7,526,359 shares, worth roughly $9.11 million.
JMP Securities downgraded its Adicet Bio Inc [ACET] rating to a Mkt perform from a a Mkt outperform in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Neutral”. JP Morgan also remained covering ACET and has decreased its forecast on June 01, 2023 with a “Neutral” recommendation from previously “an Overweight” rating. JP Morgan started covering the stock on September 21, 2022. It rated ACET as “an Overweight”.
Price Performance Review of ACET
On Friday, Adicet Bio Inc [NASDAQ:ACET] saw its stock fall -9.70% to $1.21. Over the last five days, the stock has lost -11.68%. Adicet Bio Inc shares have fallen nearly -35.98% since the year began. Nevertheless, the stocks have fallen -54.17% over the past one year. While a 52-week high of $3.77 was reached on 01/09/24, a 52-week low of $1.10 was recorded on 06/28/24. SMA at 50 days reached $1.5254, while 200 days put it at $1.8463. A total of 8.13 million shares were traded, compared to the trading of 0.63 million shares in the previous session.
Levels Of Support And Resistance For ACET Stock
The 24-hour chart illustrates a support level at 1.1667, which if violated will result in even more drops to 1.1233. On the upside, there is a resistance level at 1.2967. A further resistance level may holdings at 1.3833. The Relative Strength Index (RSI) on the 14-day chart is 36.65, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0640, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 100.00%. Stochastics%K at 51.23% indicates the stock is a holding.
The most recent change occurred on March 31, 2022 when SMBC Nikko began covering the stock and recommended ‘”an Outperform”‘ rating along with a $28 price target.
