Aclaris Therapeutics Inc’s recent filing unveils that its 10% Owner Leonard Braden Michael acquired Company’s shares for reported $0.12 million on Jul 01 ’24. In the deal valued at $1.14 per share,107,434 shares were bought. As a result of this transaction, Leonard Braden Michael now holds 13,095,572 shares worth roughly $15.06 million.
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Then, Leonard Braden Michael bought 1,201,000 shares, generating $1,348,559 in total proceeds. Upon buying the shares at $1.12, the 10% Owner now owns 12,988,134 shares.
Before that, Leonard Braden Michael bought 235,000 shares. Aclaris Therapeutics Inc shares valued at $271,331 were divested by the 10% Owner at a price of $1.15 per share. As a result of the transaction, Leonard Braden Michael now holds 11,787,134 shares, worth roughly $13.56 million.
H.C. Wainwright downgraded its Aclaris Therapeutics Inc [ACRS] rating to a Neutral from a a Buy in a research note published recently. A number of analysts have revised their coverage, including William Blair’s analysts, who decreased its forecast for the stock in mid November from “an Outperform” to “a Mkt perform”. Evercore ISI began covering ACRS with “an Outperform” recommendation on October 03, 2023. Stifel started covering the stock on December 14, 2022. It rated ACRS as “a Buy”.
Price Performance Review of ACRS
On Monday, Aclaris Therapeutics Inc [NASDAQ:ACRS] saw its stock jump 4.55% to $1.15. Over the last five days, the stock has lost -10.85%. Aclaris Therapeutics Inc shares have risen nearly 9.52% since the year began. Nevertheless, the stocks have fallen -88.80% over the past one year. While a 52-week high of $11.12 was reached on 03/06/24, a 52-week low of $0.59 was recorded on 01/12/24. SMA at 50 days reached $1.1632, while 200 days put it at $2.1210. A total of 1.65 million shares were traded, compared to the trading of 9.38 million shares in the previous session.
Levels Of Support And Resistance For ACRS Stock
The 24-hour chart illustrates a support level at 1.0767, which if violated will result in even more drops to 1.0033. On the upside, there is a resistance level at 1.2467. A further resistance level may holdings at 1.3433. The Relative Strength Index (RSI) on the 14-day chart is 50.72, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0396, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.00%. Stochastics%K at 42.18% indicates the stock is a holding.
The most recent change occurred on December 01, 2022 when Goldman began covering the stock and recommended ‘”a Buy”‘ rating along with a $25 price target.
