In a filing, Madrigal Pharmaceuticals Inc revealed its Officer William John Sibold acquired Company’s shares for reported $1.55 million on Sep 09 ’24. In the deal valued at $243.83 per share,6,363 shares were bought.
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Then, Waltermire Robert E. sold 1,900 shares, generating $532,000 in total proceeds. Upon selling the shares at $280.00, the Senior VP, Chief Pharma Dev. now owns 5,500 shares.
Before that, Waltermire Robert E. sold 2,000 shares. Madrigal Pharmaceuticals Inc shares valued at $570,000 were divested by the Senior VP, Chief Pharma Dev. at a price of $285.00 per share. As a result of the transaction, Waltermire Robert E. now holds 5,500 shares, worth roughly $1.3 million.
Cantor Fitzgerald initiated its Madrigal Pharmaceuticals Inc [MDGL] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. BofA Securities began covering MDGL with “an Underperform” recommendation on April 22, 2024. B. Riley Securities revised its rating on March 15, 2024. It rated MDGL as “a Neutral” which previously was an “a Sell”.
Price Performance Review of MDGL
On Tuesday, Madrigal Pharmaceuticals Inc [NASDAQ:MDGL] saw its stock fall -1.26% to $235.69. Over the last five days, the stock has lost -0.30%. Madrigal Pharmaceuticals Inc shares have risen nearly 1.86% since the year began. Nevertheless, the stocks have risen 19.90% over the past one year. While a 52-week high of $299.98 was reached on 03/15/24, a 52-week low of $119.76 was recorded on 02/09/24. SMA at 50 days reached $263.69, while 200 days put it at $241.44.
Levels Of Support And Resistance For MDGL Stock
The 24-hour chart illustrates a support level at 232.12, which if violated will result in even more drops to 228.54. On the upside, there is a resistance level at 239.15. A further resistance level may holdings at 242.60. The Relative Strength Index (RSI) on the 14-day chart is 37.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -7.78, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 87.80%. Stochastics %K at 23.34% indicates the stock is a holding.
How much short interest is there in Madrigal Pharmaceuticals Inc?
A steep rise in short interest was recorded in Madrigal Pharmaceuticals Inc stocks on 2024-08-15, dropping by -0.35 million shares to a total of 3.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-15 was 4.11 million shares. There was a decline of -9.4%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on March 06, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $382 price target.
