In a filing, Palatin Technologies Inc. revealed its Executive VP and CFO/COO WILLS STEPHEN T unloaded Company’s shares for reported $8274.0 on Aug 01 ’24. In the deal valued at $1.66 per share,4,999 shares were sold. As a result of this transaction, WILLS STEPHEN T now holds 235,456 shares worth roughly $0.34 million.
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Then, DEVEER ROBERT K JR bought 6,000 shares, generating $12,703 in total proceeds. Upon buying the shares at $2.12, the Director now owns 40,845 shares.
Before that, DEVEER ROBERT K JR sold 11,700 shares. Palatin Technologies Inc. shares valued at $23,434 were divested by the Director at a price of $2.00 per share. As a result of the transaction, DEVEER ROBERT K JR now holds 34,845 shares, worth roughly $50873.7.
Canaccord Genuity reiterated its Palatin Technologies Inc. [PTN] rating to a Buy in a research note published on June 05, 2015; the price target was $6. A number of analysts have revised their coverage, including ROTH Capital’s analysts, who remained covering the stock and in mid January has reiterated a ‘”a Buy”‘ rating for it. Noble Financial began covering PTN with “Buy” recommendation on May 23, 2012. Next Generation started covering the stock on January 23, 2007. It rated PTN as “a Buy”.
Price Performance Review of PTN
On Tuesday, Palatin Technologies Inc. [AMEX:PTN] saw its stock fall -2.01% to $1.46. Over the last five days, the stock has lost -3.31%. Palatin Technologies Inc. shares have fallen nearly -63.32% since the year began. Nevertheless, the stocks have fallen -29.81% over the past one year. While a 52-week high of $5.65 was reached on 01/29/24, a 52-week low of $1.29 was recorded on 08/12/24. SMA at 50 days reached $1.6036, while 200 days put it at $2.2427.
Levels Of Support And Resistance For PTN Stock
The 24-hour chart illustrates a support level at 1.3733, which if violated will result in even more drops to 1.2867. On the upside, there is a resistance level at 1.5233. A further resistance level may holdings at 1.5867. The Relative Strength Index (RSI) on the 14-day chart is 45.21, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0508, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 70.27%. Stochastics %K at 31.81% indicates the stock is a holding.
How much short interest is there in Palatin Technologies Inc.?
A steep rise in short interest was recorded in Palatin Technologies Inc. stocks on 2024-08-15, growing by 0.24 million shares to a total of 1.42 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 16.58%, which implies that there is a positive sentiment for the stock.
