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Investing in Crinetics Pharmaceuticals Inc (CRNX) Is Getting More Attractive

Crinetics Pharmaceuticals Inc’s recently made public that its Chief Med and Dev Officer Pizzuti Dana unloaded Company’s shares for reported $0.65 million on Jul 03 ’24. In the deal valued at $44.87 per share,14,375 shares were sold. As a result of this transaction, Pizzuti Dana now holds 28,507 shares worth roughly $1.25 million.

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Then, Wilson Marc sold 32,129 shares, generating $1,401,146 in total proceeds. Upon selling the shares at $43.61, the CFO now owns 111,092 shares.

Before that, Knight Jeff E. sold 956 shares. Crinetics Pharmaceuticals Inc shares valued at $42,427 were divested by the Chief Operating Officer at a price of $44.38 per share. As a result of the transaction, Knight Jeff E. now holds 52,580 shares, worth roughly $2.3 million.

Citigroup initiated its Crinetics Pharmaceuticals Inc [CRNX] rating to a Buy in a research note published on March 06, 2024; the price target was $68. A number of analysts have revised their coverage, including Morgan Stanley’s analysts, who began to cover the stock in mid January with a ‘”an Overweight”‘ rating. Jefferies began covering CRNX with “Hold” recommendation on December 21, 2023.

Price Performance Review of CRNX

On Friday, Crinetics Pharmaceuticals Inc [NASDAQ:CRNX] saw its stock fall -0.84% to $43.83. Over the last five days, the stock has gained 0.83%. Crinetics Pharmaceuticals Inc shares have risen nearly 23.19% since the year began. Nevertheless, the stocks have risen 143.50% over the past one year. While a 52-week high of $53.70 was reached on 05/22/24, a 52-week low of $15.76 was recorded on 01/05/24. SMA at 50 days reached $46.36, while 200 days put it at $38.35. A total of 0.57 million shares were traded, compared to the trading of 0.33 million shares in the previous session.

Levels Of Support And Resistance For CRNX Stock

The 24-hour chart illustrates a support level at 43.54, which if violated will result in even more drops to 43.25. On the upside, there is a resistance level at 44.29. A further resistance level may holdings at 44.75. The Relative Strength Index (RSI) on the 14-day chart is 44.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.10, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 54.84%. Stochastics%K at 44.39% indicates the stock is a holding.

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