GlycoMimetics Inc’s filing revealed that its 10% Owner Invus Public Equities, L.P. unloaded Company’s shares for reported $50009.0 on Aug 08 ’24. In the deal valued at $0.19 per share,260,873 shares were sold. As a result of this transaction, Invus Public Equities, L.P. now holds 6,317,565 shares worth roughly $0.95 million.
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Then, Invus Public Equities, L.P. sold 61,488 shares, generating $11,197 in total proceeds. Upon selling the shares at $0.18, the 10% Owner now owns 6,578,438 shares.
Before that, Invus Public Equities, L.P. sold 164,523 shares. GlycoMimetics Inc shares valued at $30,996 were divested by the 10% Owner at a price of $0.19 per share. As a result of the transaction, Invus Public Equities, L.P. now holds 6,695,658 shares, worth roughly $1.0 million.
TD Cowen downgraded its GlycoMimetics Inc [GLYC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in late December with a ‘”an Overweight”‘ rating. Jefferies also remained covering GLYC and has increased its forecast on November 12, 2021 with a “Buy” recommendation from previously “Hold” rating. ROTH Capital started covering the stock on November 14, 2019. It rated GLYC as “a Buy”.
Price Performance Review of GLYC
On Friday, GlycoMimetics Inc [NASDAQ:GLYC] saw its stock jump 4.02% to $0.15. Over the last five days, the stock has lost -6.07%. GlycoMimetics Inc shares have fallen nearly -93.64% since the year began. Nevertheless, the stocks have fallen -88.27% over the past one year. While a 52-week high of $3.53 was reached on 01/23/24, a 52-week low of $0.14 was recorded on 10/09/24. SMA at 50 days reached $0.1696, while 200 days put it at $1.3492.
Levels Of Support And Resistance For GLYC Stock
The 24-hour chart illustrates a support level at 0.1388, which if violated will result in even more drops to 0.1274. On the upside, there is a resistance level at 0.1637. A further resistance level may holdings at 0.1772. The Relative Strength Index (RSI) on the 14-day chart is 39.66, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0124, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.26%. Stochastics %K at 17.01% indicates the stock is a buying.
How much short interest is there in GlycoMimetics Inc?
A steep rise in short interest was recorded in GlycoMimetics Inc stocks on 2024-09-30, dropping by -0.3 million shares to a total of 1.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.93 million shares. There was a decline of -18.03%, which implies that there is a negative sentiment for the stock.
