BridgeBio Pharma Inc’s recent filing unveils that its 10% Owner KKR Genetic Disorder L.P. unloaded Company’s shares for reported $149.35 million on Sep 13 ’24. In the deal valued at $25.75 per share,5,800,000 shares were sold. As a result of this transaction, KKR Genetic Disorder L.P. now holds 25,260,971 shares worth roughly $627.48 million.
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Then, KKR Genetic Disorder L.P. bought 5,800,000 shares, generating $156,310,000 in total proceeds.
Before that, Kumar Neil sold 27,389 shares. BridgeBio Pharma Inc shares valued at $676,256 were divested by the Chief Executive Officer at a price of $24.69 per share. As a result of the transaction, Kumar Neil now holds 4,897,443 shares, worth roughly $121.65 million.
Oppenheimer initiated its BridgeBio Pharma Inc [BBIO] rating to a Perform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who began to cover the stock in early September with a ‘”an Overweight”‘ rating. BMO Capital Markets started covering the stock on January 31, 2024. It rated BBIO as “a Market perform”.
Price Performance Review of BBIO
On Monday, BridgeBio Pharma Inc [NASDAQ:BBIO] saw its stock fall -1.55% to $24.84. Over the last five days, the stock has lost -2.44%. BridgeBio Pharma Inc shares have fallen nearly -38.47% since the year began. Nevertheless, the stocks have risen 0.77% over the past one year. While a 52-week high of $44.32 was reached on 02/15/24, a 52-week low of $21.62 was recorded on 06/24/24. SMA at 50 days reached $26.02, while 200 days put it at $29.44.
Levels Of Support And Resistance For BBIO Stock
The 24-hour chart illustrates a support level at 24.51, which if violated will result in even more drops to 24.17. On the upside, there is a resistance level at 25.36. A further resistance level may holdings at 25.87. The Relative Strength Index (RSI) on the 14-day chart is 42.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.11, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.63%. Stochastics %K at 36.52% indicates the stock is a holding.
How much short interest is there in BridgeBio Pharma Inc?
A steep rise in short interest was recorded in BridgeBio Pharma Inc stocks on 2024-09-13, growing by 1.59 million shares to a total of 19.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 18.02 million shares. There was a rise of 8.13%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 08, 2023 when Wells Fargo began covering the stock and recommended ‘”an Overweight”‘ rating along with a $58 price target.
