Absci Corp’s recently made public that its CFO / CBO Jonasson Zachariah unloaded Company’s shares for reported $98892.0 on Jun 13 ’24. In the deal valued at $4.98 per share,19,859 shares were sold. As a result of this transaction, Jonasson Zachariah now holds 384,751 shares worth roughly $1.48 million.
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Then, Phoenix Venture Partners II LP sold 3,100,000 shares, generating $13,640,000 in total proceeds. Upon selling the shares at $4.40, the 10% Owner now owns 11,279,522 shares.
Before that, Redmile Group, LLC bought 222,222 shares. Absci Corp shares valued at $999,999 were divested by the Director at a price of $4.50 per share. As a result of the transaction, Redmile Group, LLC now holds 8,253,316 shares, worth roughly $31.78 million.
Morgan Stanley initiated its Absci Corp [ABSI] rating to an Overweight in a research note published on July 03, 2024; the price target was $7. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid March with a ‘”a Sector outperform”‘ rating. KeyBanc Capital Markets began covering ABSI with “an Overweight” recommendation on December 05, 2023. H.C. Wainwright started covering the stock on May 04, 2023. It rated ABSI as “a Buy”.
Price Performance Review of ABSI
On Monday, Absci Corp [NASDAQ:ABSI] saw its stock fall -1.28% to $3.85. Over the last five days, the stock has gained 10.00%. Absci Corp shares have fallen nearly -8.33% since the year began. Nevertheless, the stocks have risen 127.81% over the past one year. While a 52-week high of $6.72 was reached on 04/09/24, a 52-week low of $1.11 was recorded on 06/20/24. SMA at 50 days reached $4.04, while 200 days put it at $4.22.
Levels Of Support And Resistance For ABSI Stock
The 24-hour chart illustrates a support level at 3.76, which if violated will result in even more drops to 3.66. On the upside, there is a resistance level at 3.93. A further resistance level may holdings at 4.00. The Relative Strength Index (RSI) on the 14-day chart is 46.49, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 59.67%. Stochastics %K at 36.83% indicates the stock is a holding.
How much short interest is there in Absci Corp?
A steep rise in short interest was recorded in Absci Corp stocks on 2024-08-30, growing by 1.21 million shares to a total of 12.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 10.87 million shares. There was a rise of 10.0%, which implies that there is a positive sentiment for the stock.
