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ProKidney Corp (PROK) Becoming More Attractive for Investors

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ProKidney Corp’s filing revealed that its Chief Regulatory Officer Weber Darin J. unloaded Company’s shares for reported $41030.0 on Sep 19 ’24. In the deal valued at $2.50 per share,16,412 shares were sold. As a result of this transaction, Weber Darin J. now holds 103,480 shares worth roughly $0.18 million.

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Then, DARIN J WEBER bought 16,412 shares, generating $39,225 in total proceeds.

Before that, Weber Darin J. sold 826 shares. ProKidney Corp shares valued at $2,065 were divested by the Chief Regulatory Officer at a price of $2.50 per share. As a result of the transaction, Weber Darin J. now holds 119,892 shares, worth roughly $0.21 million.

JP Morgan initiated its ProKidney Corp [PROK] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. BofA Securities revised its rating on January 02, 2024. It rated PROK as “a Neutral” which previously was an “a Buy”.

Price Performance Review of PROK

On Tuesday, ProKidney Corp [NASDAQ:PROK] saw its stock jump 11.25% to $1.73. Over the last five days, the stock has gained 1.47%. ProKidney Corp shares have fallen nearly -2.81% since the year began. Nevertheless, the stocks have fallen -62.63% over the past one year. While a 52-week high of $4.63 was reached on 05/20/24, a 52-week low of $1.12 was recorded on 02/13/24. SMA at 50 days reached $2.1739, while 200 days put it at $2.1283.

Levels Of Support And Resistance For PROK Stock

The 24-hour chart illustrates a support level at 1.5866, which if violated will result in even more drops to 1.4432. On the upside, there is a resistance level at 1.8467. A further resistance level may holdings at 1.9634. The Relative Strength Index (RSI) on the 14-day chart is 39.27, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.2746, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.07%. Stochastics %K at 16.51% indicates the stock is a buying.

How much short interest is there in ProKidney Corp?

A steep rise in short interest was recorded in ProKidney Corp stocks on 2024-09-13, dropping by -0.18 million shares to a total of 10.29 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 10.47 million shares. There was a decline of -1.7%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on July 25, 2023 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $16 price target.

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