Edgewise Therapeutics Inc’s recent filing unveils that its General Counsel MOORE JOHN R unloaded Company’s shares for reported $36988.0 on May 02 ’24. In the deal valued at $18.91 per share,1,956 shares were sold. As a result of this transaction, MOORE JOHN R now holds 3,252 shares worth roughly $58796.159999999996.
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Then, Carruthers R Michael sold 2,157 shares, generating $40,789 in total proceeds. Upon selling the shares at $18.91, the Chief Financial Officer now owns 35,230 shares.
Before that, Derakhshan Behrad sold 1,718 shares. Edgewise Therapeutics Inc shares valued at $32,487 were divested by the Chief Business Officer at a price of $18.91 per share. As a result of the transaction, Derakhshan Behrad now holds 13,422 shares, worth roughly $0.24 million.
Piper Sandler initiated its Edgewise Therapeutics Inc [EWTX] rating to an Overweight in a research note published on March 07, 2024; the price target was $48. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in early May with a ‘”a Buy”‘ rating. Goldman also remained covering EWTX and has decreased its forecast on August 25, 2022 with a “Sell” recommendation from previously “Neutral” rating. RBC Capital Mkts started covering the stock on April 13, 2022. It rated EWTX as “an Outperform”.
Price Performance Review of EWTX
On Tuesday, Edgewise Therapeutics Inc [NASDAQ:EWTX] saw its stock jump 7.21% to $18.08. Over the last five days, the stock has gained 4.66%. Edgewise Therapeutics Inc shares have risen nearly 65.22% since the year began. Nevertheless, the stocks have risen 181.54% over the past one year. While a 52-week high of $23.50 was reached on 07/15/24, a 52-week low of $5.12 was recorded on 01/17/24. SMA at 50 days reached $18.86, while 200 days put it at $16.38.
Levels Of Support And Resistance For EWTX Stock
The 24-hour chart illustrates a support level at 16.77, which if violated will result in even more drops to 15.47. On the upside, there is a resistance level at 19.61. A further resistance level may holdings at 21.14. The Relative Strength Index (RSI) on the 14-day chart is 49.76, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.07, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 61.18%. Stochastics %K at 34.33% indicates the stock is a holding.
How much short interest is there in Edgewise Therapeutics Inc?
A steep rise in short interest was recorded in Edgewise Therapeutics Inc stocks on 2024-08-30, dropping by -0.3 million shares to a total of 7.78 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.08 million shares. There was a decline of -3.81%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on January 28, 2022 when Goldman began covering the stock and recommended ‘”a Neutral”‘ rating along with a $11 price target.
