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Analyzing Apogee Therapeutics Inc. (APGE) After Recent Trading Activity

In a filing, Apogee Therapeutics Inc. revealed its Chief Medical Officer Dambkowski Carl unloaded Company’s shares for reported $0.37 million on Oct 02 ’24. In the deal valued at $56.26 per share,6,665 shares were sold. As a result of this transaction, Dambkowski Carl now holds 274,128 shares worth roughly $15.14 million.

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Then, HENDERSON MICHAEL THOMAS sold 40,000 shares, generating $2,249,307 in total proceeds. Upon selling the shares at $56.23, the Chief Executive Officer now owns 1,354,487 shares.

Before that, CARL DAMBKOWSKI bought 16,010 shares. Apogee Therapeutics Inc. shares valued at $917,533 were divested by the Officer at a price of $57.31 per share.

BofA Securities initiated its Apogee Therapeutics Inc. [APGE] rating to a Buy in a research note published on May 10, 2024; the price target was $80. A number of analysts have revised their coverage, including BTIG Research’s analysts, who began to cover the stock in mid December with a ‘”a Buy”‘ rating. Wedbush began covering APGE with “an Outperform” recommendation on August 08, 2023. TD Cowen started covering the stock on August 08, 2023. It rated APGE as “an Outperform”.

Price Performance Review of APGE

On Monday, Apogee Therapeutics Inc. [NASDAQ:APGE] saw its stock jump 1.38% to $55.23. Over the last five days, the stock has lost -5.98%. Apogee Therapeutics Inc. shares have risen nearly 97.67% since the year began. Nevertheless, the stocks have risen 157.60% over the past one year. While a 52-week high of $72.29 was reached on 03/13/24, a 52-week low of $14.19 was recorded on 01/08/24. SMA at 50 days reached $49.75, while 200 days put it at $46.32.

Levels Of Support And Resistance For APGE Stock

The 24-hour chart illustrates a support level at 54.24, which if violated will result in even more drops to 53.25. On the upside, there is a resistance level at 55.98. A further resistance level may holdings at 56.72. The Relative Strength Index (RSI) on the 14-day chart is 54.31, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.26, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 50.45%. Stochastics %K at 52.17% indicates the stock is a holding.

How much short interest is there in Apogee Therapeutics Inc.?

A steep rise in short interest was recorded in Apogee Therapeutics Inc. stocks on 2024-09-13, dropping by 268.0 shares to a total of 8.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 8.19 million shares.

The most recent change occurred on August 08, 2023 when Stifel began covering the stock and recommended ‘”a Buy”‘ rating along with a $34 price target.

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