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A Guide To The Risks Of Investing In Cognition Therapeutics Inc (CGTX)

Cognition Therapeutics Inc’s recently made public that its CEO & President Ricciardi Lisa acquired Company’s shares for reported $9975.0 on Mar 14 ’24. In the deal valued at $1.75 per share,5,700 shares were bought. As a result of this transaction, Ricciardi Lisa now holds 291,345 shares worth roughly $0.16 million.

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Cantor Fitzgerald downgraded its Cognition Therapeutics Inc [CGTX] rating to a Neutral from a an Overweight in a research note published recently. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in early November with a ‘”an Outperform”‘ rating. B. Riley Securities began covering CGTX with “Buy” recommendation on November 03, 2021.

Price Performance Review of CGTX

On Friday, Cognition Therapeutics Inc [NASDAQ:CGTX] saw its stock fall -6.40% to $0.55. Over the last five days, the stock has lost -24.88%. Cognition Therapeutics Inc shares have fallen nearly -70.42% since the year began. Nevertheless, the stocks have fallen -68.18% over the past one year. While a 52-week high of $2.95 was reached on 05/23/24, a 52-week low of $0.56 was recorded on 08/09/24. SMA at 50 days reached $1.7101, while 200 days put it at $1.7949. A total of 0.73 million shares were traded, compared to the trading of 0.87 million shares in the previous session.

Levels Of Support And Resistance For CGTX Stock

The 24-hour chart illustrates a support level at 0.5259, which if violated will result in even more drops to 0.5046. On the upside, there is a resistance level at 0.5847. A further resistance level may holdings at 0.6222. The Relative Strength Index (RSI) on the 14-day chart is 26.19, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.5839, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 99.73%. Stochastics%K at 0.55% indicates the stock is a buying.

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