Viridian Therapeutics Inc’s filing revealed that its Director Fairmount Funds Management LLC acquired Company’s shares for reported $30.0 million on Sep 13 ’24. In the deal valued at $18.75 per share,1,600,000 shares were bought. As a result of this transaction, Fairmount Funds Management LLC now holds 3,445,813 shares worth roughly $72.98 million.
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Then, Fairmount Funds Management LLC bought 476,190 shares, generating $9,999,990 in total proceeds. Upon buying the shares at $21.00, the Director now owns 1,839,954 shares.
Needham reiterated its Viridian Therapeutics Inc [VRDN] rating to a Buy in a research note published on September 11, 2024; the price target was $38. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. Goldman began covering VRDN with “Buy” recommendation on June 06, 2024. Ladenburg Thalmann revised its rating on May 09, 2024. It rated VRDN as “a Neutral” which previously was an “a Buy”.
Price Performance Review of VRDN
On Tuesday, Viridian Therapeutics Inc [NASDAQ:VRDN] saw its stock fall -1.76% to $21.18. Over the last five days, the stock has gained 12.96%. Viridian Therapeutics Inc shares have fallen nearly -2.75% since the year began. Nevertheless, the stocks have risen 20.82% over the past one year. While a 52-week high of $24.18 was reached on 01/09/24, a 52-week low of $10.93 was recorded on 06/04/24. SMA at 50 days reached $15.71, while 200 days put it at $16.57.
Levels Of Support And Resistance For VRDN Stock
The 24-hour chart illustrates a support level at 20.53, which if violated will result in even more drops to 19.88. On the upside, there is a resistance level at 21.94. A further resistance level may holdings at 22.70. The Relative Strength Index (RSI) on the 14-day chart is 72.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 24.72%. Stochastics %K at 83.59% indicates the stock is a selling.
How much short interest is there in Viridian Therapeutics Inc?
A steep rise in short interest was recorded in Viridian Therapeutics Inc stocks on 2024-08-30, dropping by -0.45 million shares to a total of 8.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 8.49 million shares. There was a decline of -5.65%, which implies that there is a negative sentiment for the stock.
