Travere Therapeutics Inc’s recently made public that its Director Meckler Jeffrey A unloaded Company’s shares for reported $0.56 million on Sep 30 ’24. In the deal valued at $14.06 per share,40,000 shares were sold. As a result of this transaction, Meckler Jeffrey A now holds 81,000 shares worth roughly $1.13 million.
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Then, JEFFREY MECKLER bought 40,000 shares, generating $562,324 in total proceeds.
Before that, Calvin Sandra bought 15,000 shares. Travere Therapeutics Inc shares valued at $222,000 were divested by the Officer at a price of $14.80 per share.
Guggenheim upgraded its Travere Therapeutics Inc [TVTX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. Citigroup also remained covering TVTX and has increased its forecast on December 05, 2023 with a “Buy” recommendation from previously “Neutral” rating. Citigroup started covering the stock on November 20, 2023. It rated TVTX as “a Neutral”.
Price Performance Review of TVTX
On Monday, Travere Therapeutics Inc [NASDAQ:TVTX] saw its stock fall -0.14% to $13.99. Over the last five days, the stock has lost -3.58%. Travere Therapeutics Inc shares have risen nearly 55.62% since the year began. Nevertheless, the stocks have risen 55.79% over the past one year. While a 52-week high of $15.36 was reached on 09/23/24, a 52-week low of $5.12 was recorded on 04/25/24. SMA at 50 days reached $10.75, while 200 days put it at $8.56.
Levels Of Support And Resistance For TVTX Stock
The 24-hour chart illustrates a support level at 13.66, which if violated will result in even more drops to 13.32. On the upside, there is a resistance level at 14.37. A further resistance level may holdings at 14.74. The Relative Strength Index (RSI) on the 14-day chart is 62.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.19, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 39.48%. Stochastics %K at 71.11% indicates the stock is a holding.
How much short interest is there in Travere Therapeutics Inc?
A steep rise in short interest was recorded in Travere Therapeutics Inc stocks on 2024-09-13, dropping by -0.64 million shares to a total of 8.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.3 million shares. There was a decline of -7.37%, which implies that there is a negative sentiment for the stock.
