Halozyme Therapeutics Inc.’s recent filing unveils that its PRESIDENT AND CEO Torley Helen unloaded Company’s shares for reported $0.54 million on Oct 08 ’24. In the deal valued at $54.00 per share,10,000 shares were sold. As a result of this transaction, Torley Helen now holds 676,744 shares worth roughly $35.87 million.
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Then, Torley Helen sold 10,000 shares, generating $525,783 in total proceeds. Upon selling the shares at $52.58, the PRESIDENT AND CEO now owns 676,744 shares.
Before that, HELEN TORLEY bought 10,000 shares. Halozyme Therapeutics Inc. shares valued at $525,778 were divested by the Officer at a price of $52.58 per share.
Wells Fargo downgraded its Halozyme Therapeutics Inc. [HALO] rating to an Equal weight from a an Overweight in a research note published on October 07, 2024; the price target was increased to $62 from $58. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in mid September from “an Overweight” to “a Neutral”. Piper Sandler also remained covering HALO and has decreased its forecast on June 07, 2024 with a “Neutral” recommendation from previously “an Overweight” rating. TD Cowen started covering the stock on February 29, 2024. It rated HALO as “an Outperform”.
Price Performance Review of HALO
On Friday, Halozyme Therapeutics Inc. [NASDAQ:HALO] saw its stock jump 1.67% to $53.00. Over the last five days, the stock has lost -10.44%. Halozyme Therapeutics Inc. shares have risen nearly 43.40% since the year began. Nevertheless, the stocks have risen 42.05% over the past one year. While a 52-week high of $65.53 was reached on 08/29/24, a 52-week low of $32.83 was recorded on 02/05/24. SMA at 50 days reached $58.53, while 200 days put it at $46.64.
Levels Of Support And Resistance For HALO Stock
The 24-hour chart illustrates a support level at 52.39, which if violated will result in even more drops to 51.77. On the upside, there is a resistance level at 53.38. A further resistance level may holdings at 53.75. The Relative Strength Index (RSI) on the 14-day chart is 38.84, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -3.88, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.76%. Stochastics %K at 18.59% indicates the stock is a buying.
How much short interest is there in Halozyme Therapeutics Inc.?
A steep rise in short interest was recorded in Halozyme Therapeutics Inc. stocks on 2024-09-30, dropping by -0.19 million shares to a total of 9.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.04 million shares. There was a decline of -1.88%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 24, 2023 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $61 price target.
