Pacira BioSciences Inc’s recent filing unveils that its Director BIGAL MARCELO acquired Company’s shares for reported $20034.0 on Aug 16 ’24. In the deal valued at $13.25 per share,1,512 shares were bought. As a result of this transaction, BIGAL MARCELO now holds 10,142 shares worth roughly $0.16 million.
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Then, Brege Laura bought 1,000 shares, generating $12,810 in total proceeds. Upon buying the shares at $12.81, the Director now owns 17,552 shares.
Before that, YANG MICHAEL J. bought 2,000 shares. Pacira BioSciences Inc shares valued at $25,800 were divested by the Director at a price of $12.90 per share. As a result of the transaction, YANG MICHAEL J. now holds 7,230 shares, worth roughly $0.11 million.
Truist downgraded its Pacira BioSciences Inc [PCRX] rating to a Sell from a a Buy in a research note published on August 13, 2024; the price target was decreased to $8 from $30. A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who decreased its forecast for the stock in mid August from “an Outperform” to “a Sector perform”. Raymond James also remained covering PCRX and has decreased its forecast on August 12, 2024 with a “Mkt perform” recommendation from previously “an Outperform” rating. Piper Sandler revised its rating on August 12, 2024. It rated PCRX as “a Neutral” which previously was an “an Overweight”.
Price Performance Review of PCRX
On Friday, Pacira BioSciences Inc [NASDAQ:PCRX] saw its stock jump 1.30% to $15.56. Over the last five days, the stock has gained 9.65%. Pacira BioSciences Inc shares have fallen nearly -53.88% since the year began. Nevertheless, the stocks have fallen -56.18% over the past one year. While a 52-week high of $36.55 was reached on 01/08/24, a 52-week low of $11.16 was recorded on 08/13/24. SMA at 50 days reached $19.64, while 200 days put it at $27.10.
Levels Of Support And Resistance For PCRX Stock
The 24-hour chart illustrates a support level at 15.30, which if violated will result in even more drops to 15.03. On the upside, there is a resistance level at 15.81. A further resistance level may holdings at 16.06. The Relative Strength Index (RSI) on the 14-day chart is 44.46, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 5.18%. Stochastics %K at 72.95% indicates the stock is a holding.
How much short interest is there in Pacira BioSciences Inc?
A steep rise in short interest was recorded in Pacira BioSciences Inc stocks on 2024-08-15, dropping by -1.35 million shares to a total of 5.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 6.5 million shares. There was a decline of -26.13%, which implies that there is a negative sentiment for the stock.
