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A Guide To The Risks Of Investing In Intellia Therapeutics Inc (NTLA)

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Intellia Therapeutics Inc’s recent filing unveils that its EVP, Chief Technical Officer Clark Eliana unloaded Company’s shares for reported $9287.0 on Jul 01 ’24. In the deal valued at $22.93 per share,405 shares were sold. As a result of this transaction, Clark Eliana now holds 71,470 shares worth roughly $1.61 million.

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Then, Verwiel Frank sold 1,505 shares, generating $37,625 in total proceeds. Upon selling the shares at $25.00, the Director now owns 17,948 shares.

Before that, BASTA JAMES sold 2,297 shares. Intellia Therapeutics Inc shares valued at $75,778 were divested by the EVP, General Counsel at a price of $32.99 per share. As a result of the transaction, BASTA JAMES now holds 81,571 shares, worth roughly $1.84 million.

Goldman downgraded its Intellia Therapeutics Inc [NTLA] rating to a Neutral from a a Buy in a research note published on February 23, 2024; the price target was decreased to $32 from $136. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid February with a ‘”a Peer perform”‘ rating. Canaccord Genuity began covering NTLA with “Buy” recommendation on April 13, 2023. Bernstein started covering the stock on March 21, 2023. It rated NTLA as “an Outperform”.

Price Performance Review of NTLA

On Tuesday, Intellia Therapeutics Inc [NASDAQ:NTLA] saw its stock jump 4.83% to $22.55. Over the last five days, the stock has gained 12.08%. Intellia Therapeutics Inc shares have fallen nearly -26.04% since the year began. Nevertheless, the stocks have fallen -37.05% over the past one year. While a 52-week high of $35.88 was reached on 02/29/24, a 52-week low of $19.21 was recorded on 09/11/24. SMA at 50 days reached $23.39, while 200 days put it at $25.58.

Levels Of Support And Resistance For NTLA Stock

The 24-hour chart illustrates a support level at 21.83, which if violated will result in even more drops to 21.11. On the upside, there is a resistance level at 23.21. A further resistance level may holdings at 23.87. The Relative Strength Index (RSI) on the 14-day chart is 53.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.73, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 22.14%. Stochastics %K at 63.03% indicates the stock is a holding.

How much short interest is there in Intellia Therapeutics Inc?

A steep rise in short interest was recorded in Intellia Therapeutics Inc stocks on 2024-08-30, growing by 0.33 million shares to a total of 13.7 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 13.37 million shares. There was a rise of 2.43%, which implies that there is a positive sentiment for the stock.

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