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The Attractiveness of Investing In Longboard Pharmaceuticals Inc (LBPH) is Growing

Longboard Pharmaceuticals Inc’s filing revealed that its CMO Kaye Randall unloaded Company’s shares for reported $0.53 million on Sep 16 ’24. In the deal valued at $31.64 per share,16,666 shares were sold. As a result of this transaction, Kaye Randall now holds 17,920 shares worth roughly $0.49 million.

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Then, RANDALL KAYE bought 33,333 shares, generating $1,143,989 in total proceeds.

Before that, Kaye Randall bought 100 shares. Longboard Pharmaceuticals Inc shares valued at $2,482 were divested by the CMO at a price of $24.82 per share. As a result of the transaction, Kaye Randall now holds 100 shares, worth roughly $2758.0.

Truist initiated its Longboard Pharmaceuticals Inc [LBPH] rating to a Buy in a research note published on September 10, 2024; the price target was $60. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who remained covering the stock and in early July has reiterated a ‘”an Overweight”‘ rating for it. Robert W. Baird began covering LBPH with “an Outperform” recommendation on May 01, 2024. Citigroup started covering the stock on February 16, 2024. It rated LBPH as “a Buy”.

Price Performance Review of LBPH

On Tuesday, Longboard Pharmaceuticals Inc [NASDAQ:LBPH] saw its stock fall -10.28% to $27.58. Over the last five days, the stock has lost -21.94%. Longboard Pharmaceuticals Inc shares have risen nearly 357.38% since the year began. Nevertheless, the stocks have risen 342.70% over the past one year. While a 52-week high of $40.48 was reached on 07/11/24, a 52-week low of $3.60 was recorded on 06/10/24. SMA at 50 days reached $35.07, while 200 days put it at $22.96.

Levels Of Support And Resistance For LBPH Stock

The 24-hour chart illustrates a support level at 26.07, which if violated will result in even more drops to 24.56. On the upside, there is a resistance level at 30.37. A further resistance level may holdings at 33.16. The Relative Strength Index (RSI) on the 14-day chart is 32.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -2.99, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.69%. Stochastics %K at 11.06% indicates the stock is a buying.

How much short interest is there in Longboard Pharmaceuticals Inc?

A steep rise in short interest was recorded in Longboard Pharmaceuticals Inc stocks on 2024-08-30, dropping by -0.2 million shares to a total of 4.76 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 4.96 million shares. There was a decline of -4.2%, which implies that there is a negative sentiment for the stock.

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