Halozyme Therapeutics Inc.’s filing revealed that its PRESIDENT AND CEO Torley Helen unloaded Company’s shares for reported $0.58 million on Sep 24 ’24. In the deal valued at $58.21 per share,10,000 shares were sold. As a result of this transaction, Torley Helen now holds 676,744 shares worth roughly $40.05 million.
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Then, Torley Helen sold 10,000 shares, generating $563,370 in total proceeds. Upon selling the shares at $56.34, the PRESIDENT AND CEO now owns 676,744 shares.
Before that, Torley Helen sold 10,000 shares. Halozyme Therapeutics Inc. shares valued at $560,970 were divested by the PRESIDENT AND CEO at a price of $56.10 per share. As a result of the transaction, Torley Helen now holds 676,744 shares, worth roughly $40.05 million.
JP Morgan downgraded its Halozyme Therapeutics Inc. [HALO] rating to a Neutral from a an Overweight in a research note published on September 19, 2024; the price target was increased to $57 from $52. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in early June from “an Overweight” to “a Neutral”. TD Cowen began covering HALO with “an Outperform” recommendation on February 29, 2024. H.C. Wainwright started covering the stock on July 24, 2023. It rated HALO as “a Buy”.
Price Performance Review of HALO
On Friday, Halozyme Therapeutics Inc. [NASDAQ:HALO] saw its stock fall -2.07% to $59.18. Over the last five days, the stock has gained 3.88%. Halozyme Therapeutics Inc. shares have risen nearly 60.12% since the year began. Nevertheless, the stocks have risen 58.92% over the past one year. While a 52-week high of $65.53 was reached on 08/29/24, a 52-week low of $32.83 was recorded on 02/05/24. SMA at 50 days reached $58.81, while 200 days put it at $46.26.
Levels Of Support And Resistance For HALO Stock
The 24-hour chart illustrates a support level at 57.94, which if violated will result in even more drops to 56.70. On the upside, there is a resistance level at 60.99. A further resistance level may holdings at 62.80. The Relative Strength Index (RSI) on the 14-day chart is 50.99, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.75, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 53.53%. Stochastics %K at 47.42% indicates the stock is a holding.
How much short interest is there in Halozyme Therapeutics Inc.?
A steep rise in short interest was recorded in Halozyme Therapeutics Inc. stocks on 2024-09-13, dropping by 37472.0 shares to a total of 9.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 9.67 million shares. There was a decline of -0.39%, which implies that there is a negative sentiment for the stock.
