Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Centessa Pharmaceuticals plc ADR shares valued at $262,580 were purchased by Weinhoff Gregory M on Sep 25 ’24. At $15.80 per share, Weinhoff Gregory M acquired 16,619 shares.
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Also, SAHA SAURABH sold 55,000 shares, netting a total of over 908,985 in proceeds. Following the sale of shares at $16.53 each, the insider now holds 721,924 shares.
Before that, SAHA SAURABH had added 55,000 shares to its account. In a trade valued at $904,750, the Officer bought Centessa Pharmaceuticals plc ADR shares for $16.45 each.
As published in a research note from Morgan Stanley on September 20, 2024, Centessa Pharmaceuticals plc ADR [CNTA] has been rated up from an Equal-weight to an Overweight and the price target has been revised to $26 from $11. Analysts at B. Riley Securities started covering the stock with ‘”a Buy”‘ outlook in a report released in mid September. As of July 18, 2024, Oppenheimer has initiated its “an Outperform” rating for CNTA. Earlier on November 15, 2023, Jefferies upgraded its rating. Their new recommendation was “a Buy” for CNTA stock which previously was a “a Hold”.
Analyzing CNTA Stock Performance
During the last five days, there has been a drop of approximately -1.14%. Over the course of the year, Centessa Pharmaceuticals plc ADR shares have jumped approximately 96.86%. Shares of the company reached a 52-week high of $17.59 on 09/13/24 and a 52-week low of $6.65 on 01/11/24. A 50-day SMA is recorded $12.80, while a 200-day SMA reached $10.15. Nevertheless, trading volume fell to 0.61 million shares from 0.39 million shares the previous day.
Support And Resistance Levels for Centessa Pharmaceuticals plc ADR (CNTA)
According to the 24-hour chart, there is a support level at 15.27, which, if violated, would cause prices to drop to 14.87. In the upper region, resistance lies at 16.00. The next price resistance is at 16.32. RSI (Relative Strength Index) is 58.54 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.09, which suggests the price will decrease in the coming days. Percent R is at 41.29%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
