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Understanding the Risks of Investing in Phio Pharmaceuticals Corp (PHIO)

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Phio Pharmaceuticals Corp’s recent filing unveils that its President & CEO Bitterman Robert J acquired Company’s shares for reported $740.0 on Jun 07 ’24. In the deal valued at $0.74 per share,1,000 shares were bought. As a result of this transaction, Bitterman Robert J now holds 20,990 shares worth roughly $60661.100000000006.

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Then, Bitterman Robert J bought 1,000 shares, generating $750 in total proceeds. Upon buying the shares at $0.75, the President & CEO now owns 19,990 shares.

Before that, Bitterman Robert J bought 2,500 shares. Phio Pharmaceuticals Corp shares valued at $2,275 were divested by the President & CEO at a price of $0.91 per share. As a result of the transaction, Bitterman Robert J now holds 18,990 shares, worth roughly $54881.100000000006.

H.C. Wainwright initiated its Phio Pharmaceuticals Corp [PHIO] rating to a Buy in a research note published on August 05, 2020; the price target was $4.

Price Performance Review of PHIO

On Monday, Phio Pharmaceuticals Corp [NASDAQ:PHIO] saw its stock fall -6.17% to $2.89. Over the last five days, the stock has lost -16.23%. Phio Pharmaceuticals Corp shares have fallen nearly -57.75% since the year began. Nevertheless, the stocks have fallen -78.01% over the past one year. While a 52-week high of $29.07 was reached on 03/06/24, a 52-week low of $2.40 was recorded on 08/08/24. SMA at 50 days reached $3.05, while 200 days put it at $5.63.

Levels Of Support And Resistance For PHIO Stock

The 24-hour chart illustrates a support level at 2.64, which if violated will result in even more drops to 2.38. On the upside, there is a resistance level at 3.16. A further resistance level may holdings at 3.42. The Relative Strength Index (RSI) on the 14-day chart is 38.35, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.33, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.22%. Stochastics %K at 11.48% indicates the stock is a buying.

How much short interest is there in Phio Pharmaceuticals Corp?

A steep rise in short interest was recorded in Phio Pharmaceuticals Corp stocks on 2024-09-13, dropping by 514.0 shares to a total of 17059.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 17573.0 shares. There was a decline of -3.01%, which implies that there is a negative sentiment for the stock.

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