Corbus Pharmaceuticals Holdings Inc’s filing revealed that its Chief Financial Officer Moran Sean F. unloaded Company’s shares for reported $0.47 million on Jun 14 ’24. In the deal valued at $49.87 per share,9,355 shares were sold. As a result of this transaction, Moran Sean F. now holds 48,605 shares worth roughly $2.97 million.
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Then, Moran Sean F. sold 6,730 shares, generating $314,789 in total proceeds. Upon selling the shares at $46.77, the Chief Financial Officer now owns 48,605 shares.
Before that, Moran Sean F. sold 1,958 shares. Corbus Pharmaceuticals Holdings Inc shares valued at $82,479 were divested by the Chief Financial Officer at a price of $42.12 per share. As a result of the transaction, Moran Sean F. now holds 48,605 shares, worth roughly $2.97 million.
Wedbush initiated its Corbus Pharmaceuticals Holdings Inc [CRBP] rating to an Outperform in a research note published on July 30, 2024; the price target was $85. B. Riley Securities began covering CRBP with “Buy” recommendation on June 26, 2024. Oppenheimer maintained its rating on June 03, 2024. It rated CRBP as “an Outperform”.
Price Performance Review of CRBP
On Friday, Corbus Pharmaceuticals Holdings Inc [NASDAQ:CRBP] saw its stock jump 5.46% to $61.18. Over the last five days, the stock has gained 2.48%. Corbus Pharmaceuticals Holdings Inc shares have risen nearly 912.91% since the year began. Nevertheless, the stocks have risen 756.86% over the past one year. While a 52-week high of $61.90 was reached on 07/31/24, a 52-week low of $3.03 was recorded on 01/16/24. SMA at 50 days reached $54.20, while 200 days put it at $33.85.
Levels Of Support And Resistance For CRBP Stock
The 24-hour chart illustrates a support level at 57.74, which if violated will result in even more drops to 54.29. On the upside, there is a resistance level at 63.05. A further resistance level may holdings at 64.92. The Relative Strength Index (RSI) on the 14-day chart is 58.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.12, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.94%. Stochastics %K at 70.43% indicates the stock is a holding.
How much short interest is there in Corbus Pharmaceuticals Holdings Inc?
A steep rise in short interest was recorded in Corbus Pharmaceuticals Holdings Inc stocks on 2024-08-15, growing by 32106.0 shares to a total of 1.22 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 1.18 million shares. There was a rise of 2.64%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 13, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $77 price target.
