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Understanding the Risks of Investing in Fulcrum Therapeutics Inc (FULC)

Fulcrum Therapeutics Inc’s recent filing unveils that its Principal Accounting Officer Tourangeau Greg unloaded Company’s shares for reported $1831.0 on May 07 ’24. In the deal valued at $7.76 per share,236 shares were sold. As a result of this transaction, Tourangeau Greg now holds 11,571 shares worth roughly $0.11 million.

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Then, Tourangeau Greg sold 4,884 shares, generating $57,219 in total proceeds. Upon selling the shares at $11.72, the Vice President, Finance now owns 11,807 shares.

Before that, Sapir Alex bought 43,360 shares. Fulcrum Therapeutics Inc shares valued at $492,028 were divested by the insider at a price of $11.35 per share. As a result of the transaction, Sapir Alex now holds 43,360 shares, worth roughly $0.4 million.

Cantor Fitzgerald initiated its Fulcrum Therapeutics Inc [FULC] rating to an Overweight in a research note published on May 20, 2024; the price target was $23. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who began to cover the stock in mid March with a ‘”an Outperform”‘ rating. Goldman began covering FULC with “Neutral” recommendation on September 25, 2023. H.C. Wainwright revised its rating on August 23, 2023. It rated FULC as “a Buy” which previously was an “a Neutral”.

Price Performance Review of FULC

On Friday, Fulcrum Therapeutics Inc [NASDAQ:FULC] saw its stock fall -4.64% to $9.24. Over the last five days, the stock has gained 4.29%. Fulcrum Therapeutics Inc shares have risen nearly 36.89% since the year began. Nevertheless, the stocks have risen 126.47% over the past one year. While a 52-week high of $13.70 was reached on 03/06/24, a 52-week low of $3.14 was recorded on 06/26/24. SMA at 50 days reached $7.85, while 200 days put it at $7.51.

Levels Of Support And Resistance For FULC Stock

The 24-hour chart illustrates a support level at 9.01, which if violated will result in even more drops to 8.77. On the upside, there is a resistance level at 9.67. A further resistance level may holdings at 10.09. The Relative Strength Index (RSI) on the 14-day chart is 56.52, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 45.41%. Stochastics%K at 61.33% indicates the stock is a holding.

How much short interest is there in Fulcrum Therapeutics Inc?

A steep rise in short interest was recorded in Fulcrum Therapeutics Inc stocks on 2024-07-31, growing by 2.39 million shares to a total of 7.68 million shares. Yahoo Finance data shows the prior-month short interest on 2024-06-28 was 5.29 million shares. There was a rise of 31.13%, which implies that there is a positive sentiment for the stock.

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