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Piper Sandler gives an Overweight recommendation for Replimune Group Inc (REPL)

Replimune Group Inc’s recently made public that its Chief Medical Officer Xynos Konstantinos unloaded Company’s shares for reported $0.12 million on Jun 07 ’24. In the deal valued at $7.50 per share,15,881 shares were sold. As a result of this transaction, Xynos Konstantinos now holds 117,131 shares worth roughly $1.12 million.

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Then, Astley-Sparke Philip sold 37,928 shares, generating $245,394 in total proceeds. Upon selling the shares at $6.47, the Executive Chairman now owns 1,487,350 shares.

Before that, Patel Sushil sold 20,194 shares. Replimune Group Inc shares valued at $130,655 were divested by the Chief Executive Officer at a price of $6.47 per share. As a result of the transaction, Patel Sushil now holds 212,014 shares, worth roughly $2.03 million.

A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in mid November with a ‘”an Overweight”‘ rating. BTIG Research started covering the stock on November 17, 2020. It rated REPL as “a Buy”.

Price Performance Review of REPL

On Friday, Replimune Group Inc [NASDAQ:REPL] saw its stock jump 1.38% to $9.58. Over the last five days, the stock has lost -5.15%. Replimune Group Inc shares have risen nearly 13.64% since the year began. Nevertheless, the stocks have fallen -49.47% over the past one year. While a 52-week high of $21.32 was reached on 07/16/24, a 52-week low of $4.92 was recorded on 05/29/24. SMA at 50 days reached $8.87, while 200 days put it at $8.54. A total of 0.6 million shares were traded, compared to the trading of 0.44 million shares in the previous session.

Levels Of Support And Resistance For REPL Stock

The 24-hour chart illustrates a support level at 9.30, which if violated will result in even more drops to 9.02. On the upside, there is a resistance level at 9.94. A further resistance level may holdings at 10.30. The Relative Strength Index (RSI) on the 14-day chart is 50.01, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.54, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.81%. Stochastics%K at 19.10% indicates the stock is a buying.

The most recent change occurred on November 02, 2020 when Jefferies began covering the stock and recommended ‘”a Buy”‘ rating along with a $67 price target.

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