Pacific Biosciences of California Inc’s filing revealed that its insider Kim Susan G. unloaded Company’s shares for reported $34065.0 on Sep 30 ’24. In the deal valued at $1.72 per share,19,782 shares were sold. As a result of this transaction, Kim Susan G. now holds 695,654 shares worth roughly $-1.43 million.
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Then, SUSAN KIM bought 19,782 shares, generating $34,061 in total proceeds.
Before that, HENRY CHRISTIAN O sold 98,907 shares. Pacific Biosciences of California Inc shares valued at $172,692 were divested by the insider at a price of $1.75 per share. As a result of the transaction, HENRY CHRISTIAN O now holds 2,497,763 shares, worth roughly $5.12 million.
A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late April from “an Overweight” to “a Neutral”. Goldman also remained covering PACB and has decreased its forecast on April 18, 2024 with a “Neutral” recommendation from previously “Buy” rating. Stephens started covering the stock on December 14, 2023. It rated PACB as “an Overweight”.
Price Performance Review of PACB
On Monday, Pacific Biosciences of California Inc [NASDAQ:PACB] saw its stock jump 3.54% to $2.05. Over the last five days, the stock has gained 20.59%. Pacific Biosciences of California Inc shares have fallen nearly -79.10% since the year began. Nevertheless, the stocks have fallen -74.50% over the past one year. While a 52-week high of $10.65 was reached on 01/02/24, a 52-week low of $1.16 was recorded on 07/02/24. SMA at 50 days reached $1.6300, while 200 days put it at $3.1300.
Levels Of Support And Resistance For PACB Stock
The 24-hour chart illustrates a support level at 1.9100, which if violated will result in even more drops to 1.7800. On the upside, there is a resistance level at 2.1400. A further resistance level may holdings at 2.2300. The Relative Strength Index (RSI) on the 14-day chart is 63.96, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.1500, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 6.62%. Stochastics %K at 70.90% indicates the stock is a holding.
How much short interest is there in Pacific Biosciences of California Inc?
A steep rise in short interest was recorded in Pacific Biosciences of California Inc stocks on 2024-09-30, dropping by -9.38 million shares to a total of 51.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 61.03 million shares. There was a decline of -18.17%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on December 14, 2023 when Guggenheim began covering the stock and recommended ‘”a Neutral”‘ rating .
