Silk Road Medical Inc’s recent filing unveils that its EVP/Chief Legal Officer/Sec. Klemz Kevin M unloaded Company’s shares for reported $61470.0 on Aug 19 ’24. In the deal valued at $27.10 per share,2,268 shares were sold. As a result of this transaction, Klemz Kevin M now holds 162,926 shares worth roughly $4.43 million.
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Then, Klemz Kevin M bought 2,268 shares, generating $61,469 in total proceeds.
Before that, Davis Andrew S. sold 66 shares. Silk Road Medical Inc shares valued at $1,782 were divested by the Chief Commercial Officer at a price of $27.00 per share. As a result of the transaction, Davis Andrew S. now holds 289,707 shares, worth roughly $7.87 million.
Argus downgraded its Silk Road Medical Inc [SILK] rating to a Sell from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Argus’s analysts, who increased its forecast for the stock in early March from “a Hold” to “a Buy”. Stifel also remained covering SILK and has increased its forecast on January 19, 2024 with a “Buy” recommendation from previously “Hold” rating. Lake Street started covering the stock on January 03, 2024. It rated SILK as “a Buy”.
Price Performance Review of SILK
On Tuesday, Silk Road Medical Inc [NASDAQ:SILK] saw its stock jump 0.18% to $27.16. Over the last five days, the stock has gained 0.22%. Silk Road Medical Inc shares have risen nearly 121.35% since the year began. Nevertheless, the stocks have risen 40.58% over the past one year. While a 52-week high of $27.34 was reached on 08/23/24, a 52-week low of $6.08 was recorded on 01/05/24. SMA at 50 days reached $27.06, while 200 days put it at $19.00.
Levels Of Support And Resistance For SILK Stock
The 24-hour chart illustrates a support level at 27.09, which if violated will result in even more drops to 27.03. On the upside, there is a resistance level at 27.19. A further resistance level may holdings at 27.23. The Relative Strength Index (RSI) on the 14-day chart is 61.24, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.01, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 52.94%. Stochastics %K at 38.54% indicates the stock is a holding.
How much short interest is there in Silk Road Medical Inc?
A steep rise in short interest was recorded in Silk Road Medical Inc stocks on 2024-08-15, growing by 1.1 million shares to a total of 3.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 2.09 million shares. There was a rise of 34.61%, which implies that there is a positive sentiment for the stock.
