Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Karyopharm Therapeutics Inc shares valued at $220,133 were sold by PAKIANATHAN DEEPIKA on Jun 07 ’24. At $0.95 per share, PAKIANATHAN DEEPIKA sold 231,548 shares. The insider’s holdings dropped to 0 shares worth approximately $0.0 following the completion of this transaction.
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Also, PAKIANATHAN DEEPIKA sold 118,452 shares, netting a total of over 116,415 in proceeds. Following the sale of shares at $0.98 each, the insider now holds 2,240 shares.
Before that, PAKIANATHAN DEEPIKA had sold 468,044 shares from its account. In a trade valued at $448,480, the Director traded Karyopharm Therapeutics Inc shares for $0.96 each. Upon closing the transaction, the insider’s holdings decreased to 468,044 shares, worth approximately $2809.5499999999997.
As published in their initiating research note from Piper Sandler on January 19, 2023, Karyopharm Therapeutics Inc [KPTI] has been an Overweight and the price target has been revised to $8. Analysts at RBC Capital Mkts upgraded the stock from ‘”a Sector perform”‘ to ‘”an Outperform”‘ outlook in a report released in early November. As of February 09, 2022, JP Morgan has increased its “an Underweight” rating to a “Neutral” for KPTI.
Analyzing KPTI Stock Performance
During the last five days, there has been a drop of approximately -16.59%. Over the course of the year, Karyopharm Therapeutics Inc shares have dropped approximately -4.05%. Shares of the company reached a 52-week high of $1.9500 on 02/06/24 and a 52-week low of $0.6555 on 01/16/24. A 50-day SMA is recorded $1.0256, while a 200-day SMA reached $1.0616. Nevertheless, trading volume fell to 0.54 million shares from 2.09 million shares the previous day.
Support And Resistance Levels for Karyopharm Therapeutics Inc (KPTI)
According to the 24-hour chart, there is a support level at 0.8046, which, if violated, would cause prices to drop to 0.7810. In the upper region, resistance lies at 0.8618. The next price resistance is at 0.8954. RSI (Relative Strength Index) is 36.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1335, which suggests the price will decrease in the coming days. Percent R is at 88.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
