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. Korro Bio Inc. shares valued at $999,992 were purchased by Mathers Edward T on Apr 22 ’24. At $56.00 per share, Mathers Edward T acquired 17,857 shares. The insider’s holdings grew to 1,090,793 shares worth approximately $41.45 million following the completion of this transaction.
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Also, SANDELL SCOTT D purchased 17,857 shares, netting a total of over 999,992 in proceeds. Following the buying of shares at $56.00 each, the insider now holds 1,090,793 shares.
Before that, Makhzoumi Mohamad had added 17,857 shares to its account. In a trade valued at $999,992, the 10% Owner bought Korro Bio Inc. shares for $56.00 each. Upon closing the transaction, the insider’s holdings increased to 17,857 shares, worth approximately $41.45 million.
As published in a research note from H.C. Wainwright on March 28, 2024, Korro Bio Inc. [KRRO] has been retained to a Buy and the price target has been revised to $115. Analysts at BMO Capital Markets started covering the stock with ‘”an Outperform”‘ outlook in a report released in late February. As of December 04, 2023, H.C. Wainwright has initiated its “Buy” rating for KRRO. Earlier on November 29, 2023, RBC Capital Mkts initiated its rating. Their recommendation was “an Outperform” for KRRO stock.
Analyzing KRRO Stock Performance
During the last five days, there has been a surge of approximately 13.60%. Over the course of the year, Korro Bio Inc. shares have dropped approximately -20.72%. Shares of the company reached a 52-week high of $97.91 on 03/27/24 and a 52-week low of $30.00 on 06/26/24. A 50-day SMA is recorded $47.95, while a 200-day SMA reached $45.91.
Support And Resistance Levels for Korro Bio Inc. (KRRO)
According to the 24-hour chart, there is a support level at 34.47, which, if violated, would cause prices to drop to 30.61. In the upper region, resistance lies at 40.57. The next price resistance is at 42.81. RSI (Relative Strength Index) is 43.28 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.50, which suggests the price will decrease in the coming days. Percent R is at 42.54%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.
