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Tyra Biosciences Inc [TYRA] Shares Rise 5.93 on Wednesday

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tyra Biosciences Inc shares valued at $70,045 were sold by Bensen Daniel on Jun 10 ’24. At $20.00 per share, Bensen Daniel sold 3,502 shares. The insider’s holdings dropped to 427,981 shares worth approximately $7.57 million following the completion of this transaction.

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Also, Bensen Daniel sold 200 shares, netting a total of over 4,000 in proceeds. Following the sale of shares at $20.00 each, the insider now holds 431,483 shares.

Before that, Bensen Daniel had sold 200 shares from its account. In a trade valued at $4,000, the Chief Operating Officer traded Tyra Biosciences Inc shares for $20.00 each. Upon closing the transaction, the insider’s holdings decreased to 200 shares, worth approximately $7.64 million.

As published in a research note from BofA Securities on December 15, 2023, Tyra Biosciences Inc [TYRA] has been rated down from a Buy to a Neutral and the price target has been revised to $15 from $25. Analysts at Wedbush started covering the stock with ‘”an Outperform”‘ outlook in a report released in late June. As of February 03, 2023, Oppenheimer has initiated its “an Outperform” rating for TYRA. Earlier on June 23, 2022, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for TYRA stock.

Analyzing TYRA Stock Performance

During the last five days, there has been a surge of approximately 11.96%. Over the course of the year, Tyra Biosciences Inc shares have jumped approximately 27.73%. Shares of the company reached a 52-week high of $21.14 on 06/12/24 and a 52-week low of $11.24 on 01/05/24. A 50-day SMA is recorded $17.59, while a 200-day SMA reached $15.46. Nevertheless, trading volume fell to 54004.0 shares from 0.15 million shares the previous day.

Support And Resistance Levels for Tyra Biosciences Inc (TYRA)

According to the 24-hour chart, there is a support level at 16.43, which, if violated, would cause prices to drop to 15.90. In the upper region, resistance lies at 17.28. The next price resistance is at 17.60. RSI (Relative Strength Index) is 51.74 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.20, which suggests the price will decrease in the coming days. Percent R is at 64.90%, indicating low price movement. Stochastics%K at holding indicates that the stock is to be held.

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