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Investing in Shattuck Labs Inc (STTK) Is Getting More Attractive

In a filing, Shattuck Labs Inc revealed its Director Brous Tyler acquired Company’s shares for reported $21068.0 on Jun 27 ’24. In the deal valued at $3.89 per share,5,416 shares were bought. As a result of this transaction, Brous Tyler now holds 235,088 shares worth roughly $0.29 million.

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Then, Brous Tyler bought 3,000 shares, generating $11,700 in total proceeds. Upon buying the shares at $3.90, the Director now owns 238,088 shares.

Before that, Schreiber Taylor bought 14,400 shares. Shattuck Labs Inc shares valued at $50,011 were divested by the Chief Executive Officer at a price of $3.47 per share. As a result of the transaction, Schreiber Taylor now holds 34,502 shares, worth roughly $42092.44.

Needham downgraded its Shattuck Labs Inc [STTK] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. H.C. Wainwright also remained covering STTK and has decreased its forecast on October 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. BTIG Research revised its rating on June 17, 2024. It rated STTK as “a Neutral” which previously was an “a Buy”.

Price Performance Review of STTK

On Friday, Shattuck Labs Inc [NASDAQ:STTK] saw its stock fall -4.69% to $1.22. Over the last five days, the stock has lost -68.48%. Shattuck Labs Inc shares have fallen nearly -82.89% since the year began. Nevertheless, the stocks have fallen -12.23% over the past one year. While a 52-week high of $11.76 was reached on 05/14/24, a 52-week low of $1.15 was recorded on 10/03/24. SMA at 50 days reached $3.3820, while 200 days put it at $6.8436.

Levels Of Support And Resistance For STTK Stock

The 24-hour chart illustrates a support level at 1.1733, which if violated will result in even more drops to 1.1267. On the upside, there is a resistance level at 1.2833. A further resistance level may holdings at 1.3467. The Relative Strength Index (RSI) on the 14-day chart is 18.86, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.7900, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.50%. Stochastics %K at 3.22% indicates the stock is a buying.

How much short interest is there in Shattuck Labs Inc?

A steep rise in short interest was recorded in Shattuck Labs Inc stocks on 2024-09-13, growing by 0.17 million shares to a total of 5.49 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 5.31 million shares. There was a rise of 3.14%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on August 31, 2022 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.

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