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Potential Price Increase for ARS Pharmaceuticals Inc (SPRY) After Recent Insider Activity

ARS Pharmaceuticals Inc’s recently made public that its Chief Commercial Officer Karas Eric unloaded Company’s shares for reported $0.14 million on Sep 18 ’24. In the deal valued at $14.00 per share,10,000 shares were sold. As a result of this transaction, Karas Eric now holds 5,693 shares worth roughly $79018.84000000001.

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Then, Tanimoto Sarina sold 100,000 shares, generating $1,293,205 in total proceeds. Upon selling the shares at $12.93, the CHIEF MEDICAL OFFICER now owns 1,398,499 shares.

Before that, Lowenthal Richard E sold 100,000 shares. ARS Pharmaceuticals Inc shares valued at $1,293,205 were divested by the PRESIDENT AND CEO at a price of $12.93 per share. As a result of the transaction, Lowenthal Richard E now holds 1,398,499 shares, worth roughly $19.41 million.

Cantor Fitzgerald initiated its ARS Pharmaceuticals Inc [SPRY] rating to an Overweight in a research note published recently. A number of analysts have revised their coverage, including Raymond James’s analysts, who increased its forecast for the stock in mid August from “an Outperform” to “a Strong buy”. Leerink Partners also remained covering SPRY and reiterated its “an Outperform” recommendation on August 12, 2024. Raymond James started covering the stock on July 25, 2024. It rated SPRY as “an Outperform”.

Price Performance Review of SPRY

On Tuesday, ARS Pharmaceuticals Inc [NASDAQ:SPRY] saw its stock jump 1.61% to $13.88. Over the last five days, the stock has lost -4.01%. ARS Pharmaceuticals Inc shares have risen nearly 153.28% since the year began. Nevertheless, the stocks have risen 225.06% over the past one year. While a 52-week high of $16.50 was reached on 08/20/24, a 52-week low of $3.35 was recorded on 01/04/24. SMA at 50 days reached $12.76, while 200 days put it at $9.46.

Levels Of Support And Resistance For SPRY Stock

The 24-hour chart illustrates a support level at 13.64, which if violated will result in even more drops to 13.40. On the upside, there is a resistance level at 14.08. A further resistance level may holdings at 14.28. The Relative Strength Index (RSI) on the 14-day chart is 53.31, 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 low at 69.79%. Stochastics %K at 39.00% indicates the stock is a holding.

How much short interest is there in ARS Pharmaceuticals Inc?

A steep rise in short interest was recorded in ARS Pharmaceuticals Inc stocks on 2024-09-13, dropping by -0.43 million shares to a total of 11.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 12.07 million shares. There was a decline of -3.68%, which implies that there is a negative sentiment for the stock.

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