The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Gritstone Bio Inc shares valued at $18,156 were sold by Allen Andrew R on May 16 ’24. At $0.75 per share, Allen Andrew R sold 24,263 shares. The insider’s holdings dropped to 985,360 shares worth approximately $0.47 million following the completion of this transaction.
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Also, Jones Erin sold 13,749 shares, netting a total of over 10,288 in proceeds. Following the sale of shares at $0.75 each, the insider now holds 359,293 shares.
Before that, Jooss Karin had sold 13,749 shares from its account. In a trade valued at $10,288, the insider traded Gritstone Bio Inc shares for $0.75 each. Upon closing the transaction, the insider’s holdings decreased to 13,749 shares, worth approximately $0.33 million.
As published in their initiating research note from JMP Securities on February 28, 2024, Gritstone Bio Inc [GRTS] has been a Mkt outperform and the price target has been revised to $4. Analysts at Evercore ISI started covering the stock with ‘”an Outperform”‘ outlook in a report released in late March. As of March 28, 2023, B. Riley Securities has initiated its “Buy” rating for GRTS. Earlier on October 31, 2022, Piper Sandler initiated its rating. Their recommendation was “an Overweight” for GRTS stock.
Analyzing GRTS Stock Performance
During the last five days, there has been a drop of approximately -9.47%. Over the course of the year, Gritstone Bio Inc shares have dropped approximately -76.48%. Shares of the company reached a 52-week high of $3.1700 on 01/16/24 and a 52-week low of $0.4457 on 08/07/24. A 50-day SMA is recorded $0.6203, while a 200-day SMA reached $1.4274. Nevertheless, trading volume fell to 0.82 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Gritstone Bio Inc (GRTS)
According to the 24-hour chart, there is a support level at 0.4706, which, if violated, would cause prices to drop to 0.4614. In the upper region, resistance lies at 0.4974. The next price resistance is at 0.5150. RSI (Relative Strength Index) is 35.68 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0095, which suggests the price will decrease in the coming days. Percent R is at 75.24%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
