IO Biotech Inc’s recent filing unveils that its Stockholder Novo Holdings A/S acquired Company’s shares for reported $0.84 million on Sep 11 ’24. In the deal valued at $0.84 per share,1,000,000 shares were bought.
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Then, Novo Holdings A/S sold 51,522 shares, generating $68,339 in total proceeds. Upon selling the shares at $1.33, the 10% Owner now owns 4,377,927 shares.
Before that, Novo Holdings A/S sold 23,478 shares. IO Biotech Inc shares valued at $30,787 were divested by the 10% Owner at a price of $1.31 per share. As a result of the transaction, Novo Holdings A/S now holds 4,354,449 shares, worth roughly $3.27 million.
Price Performance Review of IOBT
On Friday, IO Biotech Inc [NASDAQ:IOBT] saw its stock fall -2.20% to $0.75. Over the last five days, the stock has lost -11.02%. IO Biotech Inc shares have fallen nearly -60.05% since the year began. Nevertheless, the stocks have fallen -46.74% over the past one year. While a 52-week high of $2.10 was reached on 01/05/24, a 52-week low of $0.75 was recorded on 09/13/24. SMA at 50 days reached $1.3065, while 200 days put it at $1.4757.
Levels Of Support And Resistance For IOBT Stock
The 24-hour chart illustrates a support level at 0.7275, which if violated will result in even more drops to 0.7039. On the upside, there is a resistance level at 0.7798. A further resistance level may holdings at 0.8085. The Relative Strength Index (RSI) on the 14-day chart is 27.00, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.3368, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 98.04%. Stochastics %K at 2.14% indicates the stock is a buying.
How much short interest is there in IO Biotech Inc?
A steep rise in short interest was recorded in IO Biotech Inc stocks on 2024-08-30, growing by 3504.0 shares to a total of 51711.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 48207.0 shares. There was a rise of 6.78%, which implies that there is a positive sentiment for the stock.
