ARS Pharmaceuticals Inc’s filing revealed that its CHIEF MEDICAL OFFICER Tanimoto Sarina unloaded Company’s shares for reported $1.15 million on Sep 10 ’24. In the deal valued at $11.50 per share,100,000 shares were sold. As a result of this transaction, Tanimoto Sarina now holds 1,396,494 shares worth roughly $18.08 million.
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Then, Lowenthal Richard E sold 100,000 shares, generating $1,149,775 in total proceeds. Upon selling the shares at $11.50, the PRESIDENT AND CEO now owns 1,396,494 shares.
Before that, Lowenthal Richard E bought 300,000 shares. ARS Pharmaceuticals Inc shares valued at $3,408,000 were divested by the Officer at a price of $11.36 per share.
Cantor Fitzgerald initiated its ARS Pharmaceuticals Inc [SPRY] rating to an Overweight in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid August from “an Outperform” to “a Strong buy”. Leerink Partners also remained covering SPRY and reiterated its “an Outperform” recommendation on August 12, 2024. Raymond James started covering the stock on July 25, 2024. It rated SPRY as “an Outperform”.
Price Performance Review of SPRY
On Monday, ARS Pharmaceuticals Inc [NASDAQ:SPRY] saw its stock fall -2.63% to $12.95. Over the last five days, the stock has gained 10.59%. ARS Pharmaceuticals Inc shares have risen nearly 136.31% since the year began. Nevertheless, the stocks have risen 77.88% over the past one year. While a 52-week high of $16.50 was reached on 08/20/24, a 52-week low of $2.55 was recorded on 01/04/24. SMA at 50 days reached $11.68, while 200 days put it at $8.74.
Levels Of Support And Resistance For SPRY Stock
The 24-hour chart illustrates a support level at 12.72, which if violated will result in even more drops to 12.50. On the upside, there is a resistance level at 13.34. A further resistance level may holdings at 13.74. The Relative Strength Index (RSI) on the 14-day chart is 55.98, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.48, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 38.56%. Stochastics %K at 61.76% indicates the stock is a holding.
How much short interest is there in ARS Pharmaceuticals Inc?
A steep rise in short interest was recorded in ARS Pharmaceuticals Inc stocks on 2024-08-30, growing by 1.03 million shares to a total of 10.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 9.93 million shares. There was a rise of 9.44%, which implies that there is a positive sentiment for the stock.
