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GUTS Stock Sees Decline of Approximately -0.92% in Last Five Days

The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fractyl Health Inc. shares valued at $6,999,990 were purchased by Elia Marc on Feb 06 ’24. At $15.00 per share, Elia Marc acquired 466,666 shares. The insider’s holdings grew to 1,856,117 shares worth approximately $8.02 million following the completion of this transaction.

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Also, CVF, LLC purchased 333,333 shares, netting a total of over 4,999,995 in proceeds. Following the buying of shares at $15.00 each, the insider now holds 4,673,870 shares.

Before that, Mithril LP had added 333,333 shares to its account. In a trade valued at $4,999,995, the 10% Owner bought Fractyl Health Inc. shares for $15.00 each. Upon closing the transaction, the insider’s holdings increased to 333,333 shares, worth approximately $5.41 million.

As published in their initiating research note from Evercore ISI on February 28, 2024, Fractyl Health Inc. [GUTS] has been an Outperform. Analysts at Morgan Stanley started covering the stock with ‘”an Overweight”‘ outlook in a report released in late February. As of February 27, 2024, BofA Securities has initiated its “Buy” rating for GUTS.

Analyzing GUTS Stock Performance

During the last five days, there has been a drop of approximately -0.92%. Over the course of the year, Fractyl Health Inc. shares have dropped approximately -66.38%.

Support And Resistance Levels for Fractyl Health Inc. (GUTS)

According to the 24-hour chart, there is a support level at 4.29, which, if violated, would cause prices to drop to 4.12. In the upper region, resistance lies at 4.67. The next price resistance is at 4.88. RSI (Relative Strength Index) is 32.20 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.38, which suggests the price will decrease in the coming days. Percent R is at 78.88%, indicating bearish price movement. Stochastics%K at holding indicates that the stock is to be held.

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