Mannkind Corp’s recently made public that its Chief People & Workpl Officer Tross Stuart A unloaded Company’s shares for reported $0.16 million on Sep 03 ’24. In the deal valued at $6.26 per share,25,000 shares were sold. As a result of this transaction, Tross Stuart A now holds 1,022,191 shares worth roughly $-6.69 million.
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Then, STUART A TROSS bought 25,000 shares, generating $156,380 in total proceeds.
Before that, Tross Stuart A sold 80,000 shares. Mannkind Corp shares valued at $506,050 were divested by the Chief People & Workpl Officer at a price of $6.33 per share. As a result of the transaction, Tross Stuart A now holds 1,047,191 shares, worth roughly $6.85 million.
A number of analysts have revised their coverage, including Rodman & Renshaw’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. Wedbush began covering MNKD with “an Outperform” recommendation on October 10, 2023. RBC Capital Mkts started covering the stock on May 14, 2021. It rated MNKD as “a Sector perform”.
Price Performance Review of MNKD
On Monday, Mannkind Corp [NASDAQ:MNKD] saw its stock jump 0.93% to $6.54. Over the last five days, the stock has gained 3.15%. Mannkind Corp shares have risen nearly 79.67% since the year began. Nevertheless, the stocks have risen 63.91% over the past one year. While a 52-week high of $6.92 was reached on 09/19/24, a 52-week low of $3.17 was recorded on 02/05/24. SMA at 50 days reached $5.95, while 200 days put it at $4.82.
Levels Of Support And Resistance For MNKD Stock
The 24-hour chart illustrates a support level at 6.42, which if violated will result in even more drops to 6.30. On the upside, there is a resistance level at 6.64. A further resistance level may holdings at 6.73. The Relative Strength Index (RSI) on the 14-day chart is 59.87, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.08, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 28.57%. Stochastics %K at 54.76% indicates the stock is a holding.
How much short interest is there in Mannkind Corp?
A steep rise in short interest was recorded in Mannkind Corp stocks on 2024-09-30, growing by 1.28 million shares to a total of 42.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 41.19 million shares. There was a rise of 3.02%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on December 24, 2019 when Oppenheimer began covering the stock and recommended ‘”an Outperform”‘ rating along with a $2.50 price target.
