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Investing in Neurocrine Biosciences, Inc. (NBIX) Is Getting More Attractive

Neurocrine Biosciences, Inc.’s recently made public that its Director RASTETTER WILLIAM H unloaded Company’s shares for reported $2.09 million on Aug 15 ’24. In the deal valued at $146.69 per share,14,250 shares were sold. As a result of this transaction, RASTETTER WILLIAM H now holds 37,491 shares worth roughly $5.44 million.

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Then, LYONS GARY A sold 11,570 shares, generating $1,740,450 in total proceeds. Upon selling the shares at $150.43, the Director now owns 119,047 shares.

Before that, ABERNETHY MATT sold 14,100 shares. Neurocrine Biosciences, Inc. shares valued at $2,120,347 were divested by the Chief Financial Officer at a price of $150.38 per share. As a result of the transaction, ABERNETHY MATT now holds 31,528 shares, worth roughly $4.57 million.

Wells Fargo upgraded its Neurocrine Biosciences, Inc. [NBIX] rating to an Overweight from a an Equal weight in a research note published on April 24, 2024; the price target was increased to $170 from $140. Deutsche Bank began covering NBIX with “Buy” recommendation on December 12, 2023.

Price Performance Review of NBIX

On Friday, Neurocrine Biosciences, Inc. [NASDAQ:NBIX] saw its stock fall -1.87% to $145.01. Over the last five days, the stock has lost -1.57%. Neurocrine Biosciences, Inc. shares have risen nearly 10.06% since the year began. Nevertheless, the stocks have risen 36.79% over the past one year. While a 52-week high of $157.98 was reached on 08/01/24, a 52-week low of $103.63 was recorded on 02/07/24. SMA at 50 days reached $141.94, while 200 days put it at $134.15.

Levels Of Support And Resistance For NBIX Stock

The 24-hour chart illustrates a support level at 143.91, which if violated will result in even more drops to 142.82. On the upside, there is a resistance level at 146.81. A further resistance level may holdings at 148.62. The Relative Strength Index (RSI) on the 14-day chart is 48.91, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.51, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 65.31%. Stochastics%K at 42.15% indicates the stock is a holding.

How much short interest is there in Neurocrine Biosciences, Inc.?

A steep rise in short interest was recorded in Neurocrine Biosciences, Inc. stocks on 2024-07-31 , dropping by -0.15 million shares to a total of 2.67 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 2.82 million shares. There was a decline of -5.47%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 21, 2023 when Mizuho resumed its ‘”a Neutral”‘ rating for the stock and retained the price target to $113.

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