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Abeona Therapeutics Inc (ABEO) rating initates by H.C. Wainwright

Abeona Therapeutics Inc’s filing revealed that its Director Alvino Mark unloaded Company’s shares for reported $0.12 million on Jun 18 ’24. In the deal valued at $4.51 per share,25,890 shares were sold. As a result of this transaction, Alvino Mark now holds 36,926 shares worth roughly $0.18 million.

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Then, Silverstein Christine Berni sold 25,821 shares, generating $116,453 in total proceeds. Upon selling the shares at $4.51, the Director now owns 62,063 shares.

Before that, Alland Leila bought 11,000 shares. Abeona Therapeutics Inc shares valued at $51,799 were divested by the Director at a price of $4.71 per share. As a result of the transaction, Alland Leila now holds 82,857 shares, worth roughly $0.41 million.

H.C. Wainwright initiated its Abeona Therapeutics Inc [ABEO] rating to a Buy in a research note published on July 03, 2024; the price target was $15. A number of analysts have revised their coverage, including Stifel’s analysts, who began to cover the stock in late May with a ‘”a Buy”‘ rating. Cantor Fitzgerald also remained covering ABEO and has increased its forecast on November 11, 2020 with a “an Overweight” recommendation from previously “Neutral” rating. B. Riley FBR started covering the stock on September 18, 2020. It rated ABEO as “a Buy”.

Price Performance Review of ABEO

On Tuesday, Abeona Therapeutics Inc [NASDAQ:ABEO] saw its stock jump 4.17% to $5.00. Over the last five days, the stock has gained 19.05%. Abeona Therapeutics Inc shares have fallen nearly -0.20% since the year began. Nevertheless, the stocks have risen 22.25% over the past one year. While a 52-week high of $9.01 was reached on 03/06/24, a 52-week low of $2.83 was recorded on 04/25/24. SMA at 50 days reached $4.34, while 200 days put it at $5.20. A total of 0.64 million shares were traded, compared to the trading of 0.46 million shares in the previous session.

Levels Of Support And Resistance For ABEO Stock

The 24-hour chart illustrates a support level at 4.80, which if violated will result in even more drops to 4.59. On the upside, there is a resistance level at 5.20. A further resistance level may holdings at 5.40. The Relative Strength Index (RSI) on the 14-day chart is 64.32, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 16.83%. Stochastics%K at 82.76% indicates the stock is a selling.

The most recent change occurred on February 10, 2020 when SVB Leerink began covering the stock and recommended ‘”an Outperform”‘ rating along with a $6 price target.

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