Travere Therapeutics Inc’s recently made public that its Director LYONS GARY A unloaded Company’s shares for reported $0.59 million on Oct 04 ’24. In the deal valued at $14.73 per share,40,000 shares were sold. As a result of this transaction, LYONS GARY A now holds 51,000 shares worth roughly $-0.89 million.
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Then, GARY A LYONS bought 40,000 shares, generating $546,000 in total proceeds.
Before that, Meckler Jeffrey A sold 40,000 shares. Travere Therapeutics Inc shares valued at $562,324 were divested by the Director at a price of $14.06 per share. As a result of the transaction, Meckler Jeffrey A now holds 81,000 shares, worth roughly $1.41 million.
Guggenheim upgraded its Travere Therapeutics Inc [TVTX] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Guggenheim’s analysts, who decreased its forecast for the stock in late March from “a Buy” to “a Neutral”. Citigroup also remained covering TVTX and has increased its forecast on December 05, 2023 with a “Buy” recommendation from previously “Neutral” rating. Citigroup started covering the stock on November 20, 2023. It rated TVTX as “a Neutral”.
Price Performance Review of TVTX
On Monday, Travere Therapeutics Inc [NASDAQ:TVTX] saw its stock jump 6.28% to $17.44. Over the last five days, the stock has gained 14.29%. Travere Therapeutics Inc shares have risen nearly 93.99% since the year began. Nevertheless, the stocks have risen 150.94% over the past one year. While a 52-week high of $18.60 was reached on 10/10/24, a 52-week low of $5.12 was recorded on 04/25/24. SMA at 50 days reached $11.94, while 200 days put it at $8.90.
Levels Of Support And Resistance For TVTX Stock
The 24-hour chart illustrates a support level at 16.58, which if violated will result in even more drops to 15.71. On the upside, there is a resistance level at 17.90. A further resistance level may holdings at 18.35. The Relative Strength Index (RSI) on the 14-day chart is 71.24, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.75, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.64%. Stochastics %K at 69.90% indicates the stock is a holding.
How much short interest is there in Travere Therapeutics Inc?
A steep rise in short interest was recorded in Travere Therapeutics Inc stocks on 2024-09-30, dropping by -2.29 million shares to a total of 6.96 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.25 million shares. There was a decline of -32.91%, which implies that there is a negative sentiment for the stock.
