KD Logo

EyePoint Pharmaceuticals Inc [EYPT] Director makes an insider sale of 11,625 shares worth 119,705.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. EyePoint Pharmaceuticals Inc shares valued at $119,705 were sold by GUYER DAVID R on Jun 03 ’24. At $10.30 per share, GUYER DAVID R sold 11,625 shares. The insider’s holdings dropped to 3,700 shares worth approximately $32745.0 following the completion of this transaction.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free

Also, GUYER DAVID R sold 11,625 shares, netting a total of over 147,045 in proceeds. Following the sale of shares at $12.65 each, the insider now holds 5,550 shares.

Before that, Cormorant Asset Management, LP had added 850,000 shares to its account. In a trade valued at $10,081,721, the 10% Owner bought EyePoint Pharmaceuticals Inc shares for $11.86 each. Upon closing the transaction, the insider’s holdings increased to 850,000 shares, worth approximately $73.68 million.

As published in their initiating research note from JP Morgan on January 22, 2024, EyePoint Pharmaceuticals Inc [EYPT] has been an Overweight and the price target has been revised to $35. Analysts at Mizuho started covering the stock with ‘”a Buy”‘ outlook in a report released in early November. As of April 21, 2023, Robert W. Baird has initiated its “an Outperform” rating for EYPT. Earlier on July 07, 2022, Chardan Capital Markets initiated its rating. Their recommendation was “a Buy” for EYPT stock.

Analyzing EYPT Stock Performance

During the last five days, there has been a surge of approximately 8.06%. Over the course of the year, EyePoint Pharmaceuticals Inc shares have dropped approximately -61.70%. Shares of the company reached a 52-week high of $30.99 on 02/08/24 and a 52-week low of $7.73 on 07/02/24. A 50-day SMA is recorded $11.55, while a 200-day SMA reached $16.02. Nevertheless, trading volume fell to 0.47 million shares from 0.69 million shares the previous day.

Support And Resistance Levels for EyePoint Pharmaceuticals Inc (EYPT)

According to the 24-hour chart, there is a support level at 8.14, which, if violated, would cause prices to drop to 7.65. In the upper region, resistance lies at 8.92. The next price resistance is at 9.21. RSI (Relative Strength Index) is 41.83 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.28, which suggests the price will decrease in the coming days. Percent R is at 49.72%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

Most Popular