Longboard Pharmaceuticals Inc’s filing revealed that its CMO Kaye Randall unloaded Company’s shares for reported $0.53 million on Sep 16 ’24. In the deal valued at $31.64 per share,16,666 shares were sold. As a result of this transaction, Kaye Randall now holds 17,920 shares worth roughly $0.65 million.
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Then, RANDALL KAYE bought 33,333 shares, generating $1,143,989 in total proceeds.
Before that, Kaye Randall bought 100 shares. Longboard Pharmaceuticals Inc shares valued at $2,482 were divested by the CMO at a price of $24.82 per share. As a result of the transaction, Kaye Randall now holds 100 shares, worth roughly $3622.0.
Truist initiated its Longboard Pharmaceuticals Inc [LBPH] rating to a Buy in a research note published on September 10, 2024; the price target was $60. A number of analysts have revised their coverage, including Cantor Fitzgerald’s analysts, who remained covering the stock and in early July has reiterated a ‘”an Overweight”‘ rating for it. Robert W. Baird began covering LBPH with “an Outperform” recommendation on May 01, 2024. Citigroup started covering the stock on February 16, 2024. It rated LBPH as “a Buy”.
Price Performance Review of LBPH
On Friday, Longboard Pharmaceuticals Inc [NASDAQ:LBPH] saw its stock jump 0.47% to $36.22. Over the last five days, the stock has gained 13.19%. Longboard Pharmaceuticals Inc shares have risen nearly 500.66% since the year began. Nevertheless, the stocks have risen 690.83% over the past one year. While a 52-week high of $43.15 was reached on 10/02/24, a 52-week low of $3.60 was recorded on 06/10/24. SMA at 50 days reached $34.30, while 200 days put it at $24.85.
Levels Of Support And Resistance For LBPH Stock
The 24-hour chart illustrates a support level at 35.10, which if violated will result in even more drops to 33.97. On the upside, there is a resistance level at 37.46. A further resistance level may holdings at 38.70. The Relative Strength Index (RSI) on the 14-day chart is 57.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.14, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 43.86%. Stochastics %K at 56.20% indicates the stock is a holding.
How much short interest is there in Longboard Pharmaceuticals Inc?
A steep rise in short interest was recorded in Longboard Pharmaceuticals Inc stocks on 2024-09-13, dropping by -0.81 million shares to a total of 4.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 4.84 million shares. There was a decline of -20.05%, which implies that there is a negative sentiment for the stock.
