In a filing, Mannkind Corp revealed its EVP Special Projects Binder Steven B. unloaded Company’s shares for reported $0.12 million on May 21 ’24. In the deal valued at $4.66 per share,25,952 shares were sold. As a result of this transaction, Binder Steven B. now holds 1,114,553 shares worth roughly $5.61 million.
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Then, Thomson David sold 23,537 shares, generating $109,682 in total proceeds. Upon selling the shares at $4.66, the EVP Genl Counsel & Secretary now owns 873,616 shares.
Before that, Binder Steven B. sold 3,618 shares. Mannkind Corp shares valued at $15,594 were divested by the EVP Special Projects at a price of $4.31 per share. As a result of the transaction, Binder Steven B. now holds 845,967 shares, worth roughly $4.26 million.
Rodman & Renshaw initiated its Mannkind Corp [MNKD] rating to a Buy in a research note published on June 13, 2024; the price target was $8. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. RBC Capital Mkts began covering MNKD with “Sector perform” recommendation on May 14, 2021. Oppenheimer started covering the stock on December 24, 2019. It rated MNKD as “an Outperform”.
Price Performance Review of MNKD
On Tuesday, Mannkind Corp [NASDAQ:MNKD] saw its stock fall -1.18% to $5.03. Over the last five days, the stock has lost -4.01%. Mannkind Corp shares have risen nearly 38.19% since the year began. Nevertheless, the stocks have risen 23.59% over the past one year. While a 52-week high of $5.75 was reached on 06/24/24, a 52-week low of $3.17 was recorded on 02/05/24. SMA at 50 days reached $4.64, while 200 days put it at $4.11. A total of 1.84 million shares were traded, compared to the trading of 5.35 million shares in the previous session.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 4.96, which if violated will result in even more drops to 4.89. On the upside, there is a resistance level at 5.09. A further resistance level may holdings at 5.15. The Relative Strength Index (RSI) on the 14-day chart is 54.37, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 55.91%. Stochastics%K at 58.55% indicates the stock is a holding.
The most recent change occurred on October 25, 2019 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $3 price target.
