Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Centessa Pharmaceuticals plc ADR shares valued at $2,891,822 were purchased by SAHA SAURABH on Sep 10 ’24. At $16.52 per share, SAHA SAURABH acquired 175,000 shares.
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Also, Weinhoff Gregory M purchased 30,000 shares, netting a total of over 510,000 in proceeds.
Before that, Weinhoff Gregory M had sold 25,000 shares from its account. In a trade valued at $375,000, the Chief Business Officer traded Centessa Pharmaceuticals plc ADR shares for $15.00 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $3.07 million.
As published in their initiating research note from Oppenheimer on July 18, 2024, Centessa Pharmaceuticals plc ADR [CNTA] has been an Outperform and the price target has been revised to $14. Analysts at Jefferies upgraded the stock from ‘”a Hold”‘ to ‘”a Buy”‘ outlook in a report released in mid November. As of October 26, 2023, Morgan Stanley has increased its “an Underweight” rating to a “an Equal-weight” for CNTA. Earlier on June 21, 2023, Evercore ISI initiated its rating. Their recommendation was “an Outperform” for CNTA stock.
Analyzing CNTA Stock Performance
During the last five days, there has been a drop of approximately -6.02%. Over the course of the year, Centessa Pharmaceuticals plc ADR shares have jumped approximately 72.74%. Shares of the company reached a 52-week high of $17.25 on 09/10/24 and a 52-week low of $6.65 on 01/11/24. A 50-day SMA is recorded $11.37, while a 200-day SMA reached $9.64. Nevertheless, trading volume fell to 1.28 million shares from 5.17 million shares the previous day.
Support And Resistance Levels for Centessa Pharmaceuticals plc ADR (CNTA)
According to the 24-hour chart, there is a support level at 13.24, which, if violated, would cause prices to drop to 12.74. In the upper region, resistance lies at 14.74. The next price resistance is at 15.74. RSI (Relative Strength Index) is 57.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 0.65, which suggests the price will decrease in the coming days. Percent R is at 66.67%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
