Mannkind Corp’s recently made public that its EVP Special Projects Binder Steven B. unloaded Company’s shares for reported $16817.0 on Jul 16 ’24. In the deal valued at $5.93 per share,2,836 shares were sold. As a result of this transaction, Binder Steven B. now holds 1,100,860 shares worth roughly $5.66 million.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Then, Thomson David sold 3,115 shares, generating $18,472 in total proceeds. Upon selling the shares at $5.93, the EVP Genl Counsel & Secretary now owns 857,885 shares.
Before that, Thomson David sold 23,537 shares. Mannkind Corp shares valued at $109,682 were divested by the EVP Genl Counsel & Secretary at a price of $4.66 per share. As a result of the transaction, Thomson David now holds 873,616 shares, worth roughly $4.49 million.
Rodman & Renshaw initiated its Mannkind Corp [MNKD] rating to a Buy in a research note published on June 13, 2024; the price target was $8. A number of analysts have revised their coverage, including Wedbush’s analysts, who began to cover the stock in early October with a ‘”an Outperform”‘ rating. RBC Capital Mkts began covering MNKD with “Sector perform” recommendation on May 14, 2021. Oppenheimer started covering the stock on December 24, 2019. It rated MNKD as “an Outperform”.
Price Performance Review of MNKD
On Friday, Mannkind Corp [NASDAQ:MNKD] saw its stock fall -0.96% to $5.14. Over the last five days, the stock has gained 1.78%. Mannkind Corp shares have risen nearly 41.21% since the year began. Nevertheless, the stocks have risen 1.78% over the past one year. While a 52-week high of $6.04 was reached on 07/17/24, a 52-week low of $3.17 was recorded on 02/05/24. SMA at 50 days reached $5.29, while 200 days put it at $4.33.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 5.09, which if violated will result in even more drops to 5.04. On the upside, there is a resistance level at 5.20. A further resistance level may holdings at 5.26. The Relative Strength Index (RSI) on the 14-day chart is 43.10, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 80.21%. Stochastics%K at 23.01% indicates the stock is a holding.
How much short interest is there in Mannkind Corp?
A steep rise in short interest was recorded in Mannkind Corp stocks on 2024-07-31, growing by 4.29 million shares to a total of 38.57 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 34.28 million shares. There was a rise of 11.11%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on October 25, 2019 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating along with a $3 price target.
