IO Biotech Inc’s recently made public that its 10% Owner Novo Holdings A/S unloaded Company’s shares for reported $68339.0 on Jul 25 ’24. In the deal valued at $1.33 per share,51,522 shares were sold. As a result of this transaction, Novo Holdings A/S now holds 4,377,927 shares worth roughly $4.38 million.
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Then, Novo Holdings A/S sold 23,478 shares, generating $30,787 in total proceeds. Upon selling the shares at $1.31, the 10% Owner now owns 4,354,449 shares.
Before that, Novo Holdings A/S sold 658,809 shares. IO Biotech Inc shares valued at $802,495 were divested by the 10% Owner at a price of $1.22 per share. As a result of the transaction, Novo Holdings A/S now holds 4,429,449 shares, worth roughly $4.43 million.
Price Performance Review of IOBT
On Tuesday, IO Biotech Inc [NASDAQ:IOBT] saw its stock fall -33.33% to $1.00. Over the last five days, the stock has lost -36.31%. IO Biotech Inc shares have fallen nearly -46.81% since the year began. Nevertheless, the stocks have fallen -45.65% over the past one year. While a 52-week high of $2.10 was reached on 01/05/24, a 52-week low of $0.82 was recorded on 09/03/24. SMA at 50 days reached $1.3582, while 200 days put it at $1.4840.
Levels Of Support And Resistance For IOBT Stock
The 24-hour chart illustrates a support level at 0.8971, which if violated will result in even more drops to 0.7941. On the upside, there is a resistance level at 1.1865. A further resistance level may holdings at 1.3729. The Relative Strength Index (RSI) on the 14-day chart is 31.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1383, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.19%. Stochastics %K at 34.27% indicates the stock is a holding.
How much short interest is there in IO Biotech Inc?
A steep rise in short interest was recorded in IO Biotech Inc stocks on 2024-08-15, dropping by 18177.0 shares to a total of 75487.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 93664.0 shares. There was a decline of -24.08%, which implies that there is a negative sentiment for the stock.
