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Taking a Closer Look At Corbus Pharmaceuticals Holdings Inc (CRBP) Following Its Recent Trade

In a filing, Corbus Pharmaceuticals Holdings Inc revealed its Director CATLIN AVERY W acquired Company’s shares for reported $50109.0 on Sep 04 ’24. In the deal valued at $56.43 per share,888 shares were bought.

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Then, Moran Sean F. sold 9,355 shares, generating $466,569 in total proceeds. Upon selling the shares at $49.87, the Chief Financial Officer now owns 48,605 shares.

Before that, Moran Sean F. sold 6,730 shares. Corbus Pharmaceuticals Holdings Inc shares valued at $314,789 were divested by the Chief Financial Officer at a price of $46.77 per share. As a result of the transaction, Moran Sean F. now holds 48,605 shares, worth roughly $2.74 million.

Wedbush initiated its Corbus Pharmaceuticals Holdings Inc [CRBP] rating to an Outperform in a research note published on July 30, 2024; the price target was $85. B. Riley Securities began covering CRBP with “Buy” recommendation on June 26, 2024. Oppenheimer maintained its rating on June 03, 2024. It rated CRBP as “an Outperform”.

Price Performance Review of CRBP

On Tuesday, Corbus Pharmaceuticals Holdings Inc [NASDAQ:CRBP] saw its stock jump 6.77% to $56.28. Over the last five days, the stock has gained 1.06%. Corbus Pharmaceuticals Holdings Inc shares have risen nearly 831.79% since the year began. Nevertheless, the stocks have risen 732.54% over the past one year. While a 52-week high of $61.90 was reached on 07/31/24, a 52-week low of $3.03 was recorded on 01/16/24. SMA at 50 days reached $55.36, while 200 days put it at $35.33.

Levels Of Support And Resistance For CRBP Stock

The 24-hour chart illustrates a support level at 52.97, which if violated will result in even more drops to 49.66. On the upside, there is a resistance level at 58.05. A further resistance level may holdings at 59.81. The Relative Strength Index (RSI) on the 14-day chart is 51.47, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.74%. Stochastics %K at 33.93% indicates the stock is a holding.

How much short interest is there in Corbus Pharmaceuticals Holdings Inc?

A steep rise in short interest was recorded in Corbus Pharmaceuticals Holdings Inc stocks on 2024-08-15, growing by 32106.0 shares to a total of 1.22 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 2.64%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on May 13, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $77 price target.

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