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Orchestra BioMed Holdings Inc [OBIO] insider makes an insider acquire of 1,000 shares worth 6,950.

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Orchestra BioMed Holdings Inc shares valued at $6,950 were purchased by Hochman David P on Jun 25 ’24. At $6.95 per share, Hochman David P acquired 1,000 shares. The insider’s holdings grew to 333,502 shares worth approximately $2.58 million following the completion of this transaction.

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Also, Little William Reed purchased 4,000 shares, netting a total of over 28,000 in proceeds. Following the buying of shares at $7.00 each, the insider now holds 307,859 shares.

As published in their initiating research note from Jefferies on January 19, 2024, Orchestra BioMed Holdings Inc [OBIO] has been a Buy and the price target has been revised to $14. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in late February. As of February 07, 2023, Chardan Capital Markets has initiated its “Buy” rating for OBIO.

Analyzing OBIO Stock Performance

During the last five days, there has been a surge of approximately 12.83%. Over the course of the year, Orchestra BioMed Holdings Inc shares have dropped approximately -15.22%. Shares of the company reached a 52-week high of $10.06 on 01/22/24 and a 52-week low of $4.22 on 04/25/24. A 50-day SMA is recorded $6.19, while a 200-day SMA reached $6.59. Nevertheless, trading volume fell to 51239.0 shares from 0.13 million shares the previous day.

Support And Resistance Levels for Orchestra BioMed Holdings Inc (OBIO)

According to the 24-hour chart, there is a support level at 7.45, which, if violated, would cause prices to drop to 7.33. In the upper region, resistance lies at 7.66. The next price resistance is at 7.75. RSI (Relative Strength Index) is 56.87 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.07, which suggests the price will decrease in the coming days. Percent R is at 28.78%, indicating bullish price movement. Stochastics%K at holding indicates that the stock is to be held.

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