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Taking a Closer Look At InMed Pharmaceuticals Inc (INM) Following Its Recent Trade

InMed Pharmaceuticals Inc’s recently made public that its Consultant MANCINI ALEXANDRA DIANE JANET unloaded Company’s shares for reported $42.0 on Jul 31 ’24. In the deal valued at $0.18 per share,240 shares were sold. As a result of this transaction, MANCINI ALEXANDRA DIANE JANET now holds 0 shares worth roughly $0.0.

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Then, HULL ANDREW bought 37,500 shares, generating $14,625 in total proceeds. Upon buying the shares at $0.39, the Director now owns 38,258 shares.

Before that, ADAMS ERIC A bought 41,600 shares. InMed Pharmaceuticals Inc shares valued at $14,922 were divested by the President & CEO at a price of $0.36 per share. As a result of the transaction, ADAMS ERIC A now holds 43,959 shares, worth roughly $11429.34.

Price Performance Review of INM

On Friday, InMed Pharmaceuticals Inc [NASDAQ:INM] saw its stock fall -6.84% to $0.26. Over the last five days, the stock has lost -1.99%. InMed Pharmaceuticals Inc shares have fallen nearly -37.16% since the year began. Nevertheless, the stocks have fallen -69.45% over the past one year. While a 52-week high of $2.08 was reached on 08/20/24, a 52-week low of $0.12 was recorded on 08/06/24. SMA at 50 days reached $0.2569, while 200 days put it at $0.3143.

Levels Of Support And Resistance For INM Stock

The 24-hour chart illustrates a support level at 0.2530, which if violated will result in even more drops to 0.2445. On the upside, there is a resistance level at 0.2724. A further resistance level may holdings at 0.2833. The Relative Strength Index (RSI) on the 14-day chart is 46.41, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0345, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 94.79%. Stochastics %K at 12.49% indicates the stock is a buying.

How much short interest is there in InMed Pharmaceuticals Inc?

A steep rise in short interest was recorded in InMed Pharmaceuticals Inc stocks on 2024-08-30, growing by 91298.0 shares to a total of 0.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 0.25 million shares. There was a rise of 26.5%, which implies that there is a positive sentiment for the stock.

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