Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gritstone Bio Inc shares valued at $18,156 were sold by Allen Andrew R on May 16 ’24. At $0.75 per share, Allen Andrew R sold 24,263 shares. The insider’s holdings dropped to 985,360 shares worth approximately $0.2 million following the completion of this transaction.
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Also, Jones Erin sold 13,749 shares, netting a total of over 10,288 in proceeds. Following the sale of shares at $0.75 each, the insider now holds 359,293 shares.
Before that, Jooss Karin had sold 13,749 shares from its account. In a trade valued at $10,288, the insider traded Gritstone Bio Inc shares for $0.75 each. Upon closing the transaction, the insider’s holdings decreased to 13,749 shares, worth approximately $0.14 million.
As published in a research note from JMP Securities on October 01, 2024, Gritstone Bio Inc [GRTS] has been rated down from a Mkt outperform to a Mkt perform. Analysts at JMP Securities started covering the stock with ‘”a Mkt outperform”‘ outlook in a report released in late February. As of March 31, 2023, Evercore ISI has initiated its “an Outperform” rating for GRTS. Earlier on March 28, 2023, B. Riley Securities initiated its rating. Their recommendation was “a Buy” for GRTS stock.
Analyzing GRTS Stock Performance
During the last five days, there has been a drop of approximately -3.69%. Over the course of the year, Gritstone Bio Inc shares have dropped approximately -90.27%. Shares of the company reached a 52-week high of $3.1700 on 01/16/24 and a 52-week low of $0.1813 on 10/08/24. A 50-day SMA is recorded $0.4779, while a 200-day SMA reached $1.2481. Nevertheless, trading volume fell to 2.26 million shares from 3.39 million shares the previous day.
Support And Resistance Levels for Gritstone Bio Inc (GRTS)
According to the 24-hour chart, there is a support level at 0.1899, which, if violated, would cause prices to drop to 0.1815. In the upper region, resistance lies at 0.2079. The next price resistance is at 0.2175. RSI (Relative Strength Index) is 23.26 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.2038, which suggests the price will decrease in the coming days. Percent R is at 96.43%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
