Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Sana Biotechnology Inc shares valued at $613,500 were purchased by RICHARD MULLIGAN on Sep 25 ’24. At $4.09 per share, RICHARD MULLIGAN acquired 150,000 shares.
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Also, RICHARD MULLIGAN purchased 150,000 shares, netting a total of over 613,500 in proceeds.
Before that, Yang Patrick Y had sold 25,000 shares from its account. In a trade valued at $236,300, the Director traded Sana Biotechnology Inc shares for $9.45 each. Upon closing the transaction, the insider’s holdings decreased to 25,000 shares, worth approximately $0.56 million.
As published in their initiating research note from Rodman & Renshaw on June 26, 2024, Sana Biotechnology Inc [SANA] has been a Buy and the price target has been revised to $16. Analysts at H.C. Wainwright upgraded the stock from ‘”a Neutral”‘ to ‘”a Buy”‘ outlook in a report released in mid January. As of September 25, 2023, JMP Securities has initiated its “Mkt outperform” rating for SANA. Earlier on September 05, 2023, Citigroup initiated its rating. Their recommendation was “a Buy” for SANA stock.
Analyzing SANA Stock Performance
During the last five days, there has been a drop of approximately -12.35%. Over the course of the year, Sana Biotechnology Inc shares have dropped approximately -7.84%. Shares of the company reached a 52-week high of $12.00 on 03/01/24 and a 52-week low of $3.68 on 09/25/24. A 50-day SMA is recorded $5.24, while a 200-day SMA reached $6.71. Nevertheless, trading volume fell to 2.89 million shares from 1.19 million shares the previous day.
Support And Resistance Levels for Sana Biotechnology Inc (SANA)
According to the 24-hour chart, there is a support level at 3.58, which, if violated, would cause prices to drop to 3.40. In the upper region, resistance lies at 4.04. The next price resistance is at 4.32. RSI (Relative Strength Index) is 26.84 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.51, which suggests the price will decrease in the coming days. Percent R is at 95.53%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.