Larimar Therapeutics Inc’s recent filing unveils that its Director Hamilton Thomas Edward acquired Company’s shares for reported $0.5 million on Feb 16 ’24. In the deal valued at $8.74 per share,57,208 shares were bought. As a result of this transaction, Hamilton Thomas Edward now holds 564,798 shares worth roughly $3.99 million.
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Then, Flynn James E bought 4,290,617 shares, generating $37,499,993 in total proceeds. Upon buying the shares at $8.74, the Director now owns 6,151,406 shares.
Before that, THOMAS FRANK E bought 2,000 shares. Larimar Therapeutics Inc shares valued at $22,000 were divested by the Director at a price of $11.00 per share. As a result of the transaction, THOMAS FRANK E now holds 2,000 shares, worth roughly $14140.0.
Robert W. Baird initiated its Larimar Therapeutics Inc [LRMR] rating to an Outperform in a research note published on September 04, 2024; the price target was $16. A number of analysts have revised their coverage, including Leerink Partners’s analysts, who began to cover the stock in early April with a ‘”an Outperform”‘ rating. Citigroup also remained covering LRMR and has increased its forecast on November 17, 2023 with a “Buy” recommendation from previously “Neutral” rating. Guggenheim started covering the stock on October 19, 2022. It rated LRMR as “a Buy”.
Price Performance Review of LRMR
On Friday, Larimar Therapeutics Inc [NASDAQ:LRMR] saw its stock fall -0.98% to $7.07. Over the last five days, the stock has lost -1.81%. Larimar Therapeutics Inc shares have risen nearly 55.38% since the year began. Nevertheless, the stocks have risen 69.95% over the past one year. While a 52-week high of $13.68 was reached on 02/15/24, a 52-week low of $2.18 was recorded on 01/17/24. SMA at 50 days reached $8.17, while 200 days put it at $7.53.
Levels Of Support And Resistance For LRMR Stock
The 24-hour chart illustrates a support level at 6.88, which if violated will result in even more drops to 6.70. On the upside, there is a resistance level at 7.24. A further resistance level may holdings at 7.41. The Relative Strength Index (RSI) on the 14-day chart is 43.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.38, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.41%. Stochastics %K at 25.88% indicates the stock is a holding.
How much short interest is there in Larimar Therapeutics Inc?
A steep rise in short interest was recorded in Larimar Therapeutics Inc stocks on 2024-08-30, dropping by 16255.0 shares to a total of 3.47 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 3.48 million shares. There was a decline of -0.47%, which implies that there is a negative sentiment for the stock.