The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Fortress Biotech Inc shares valued at $1,404,581 were purchased by ROSENWALD LINDSAY A MD on Sep 23 ’24. At $1.84 per share, ROSENWALD LINDSAY A MD acquired 763,359 shares. The insider’s holdings grew to 3,657,264 shares worth approximately $5.74 million following the completion of this transaction.
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Also, ROSENWALD LINDSAY A MD purchased 5,000 shares, netting a total of over 37,418 in proceeds. Following the buying of shares at $7.48 each, the insider now holds 127,500 shares.
Before that, Jin David had added 500 shares to its account. In a trade valued at $3,750, the Chief Financial Officer bought Fortress Biotech Inc shares for $7.50 each. Upon closing the transaction, the insider’s holdings increased to 500 shares, worth approximately $785.0.
Analysts at Ladenburg Thalmann started covering the stock with ‘”a Buy”‘ outlook in a report released in early August. As of October 02, 2020, The Benchmark Company has initiated its “Buy” rating for FBIO. Earlier on December 18, 2019, B. Riley FBR initiated its rating. Their recommendation was “a Buy” for FBIO stock.
Analyzing FBIO Stock Performance
During the last five days, there has been a surge of approximately 11.35%. Over the course of the year, Fortress Biotech Inc shares have dropped approximately -47.84%. Shares of the company reached a 52-week high of $3.0700 on 01/02/24 and a 52-week low of $1.3550 on 09/24/24. A 50-day SMA is recorded $1.8705, while a 200-day SMA reached $1.9490. Nevertheless, trading volume fell to 0.84 million shares from 0.88 million shares the previous day.
Support And Resistance Levels for Fortress Biotech Inc (FBIO)
According to the 24-hour chart, there is a support level at 1.4500, which, if violated, would cause prices to drop to 1.3300. In the upper region, resistance lies at 1.6400. The next price resistance is at 1.7100. RSI (Relative Strength Index) is 42.56 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.1398, which suggests the price will decrease in the coming days. Percent R is at 68.61%, indicating low price movement. Stochastics %K at buying indicates that the stock is to be held.
Which companies own the most shares of Fortress Biotech Inc (FBIO)?
On February 28, 2018, B. Riley FBR Inc. assigned a price target of “a Buy” to the stock and initiated coverage with a $10.
