Immunovant Inc’s recently made public that its Chief Financial Officer Barnett Eva Renee unloaded Company’s shares for reported $0.15 million on Oct 09 ’24. In the deal valued at $29.56 per share,5,162 shares were sold. As a result of this transaction, Barnett Eva Renee now holds 338,614 shares worth roughly $-9.97 million.
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Then, Salzmann Peter sold 4,460 shares, generating $131,838 in total proceeds. Upon selling the shares at $29.56, the Chief Executive Officer now owns 1,003,884 shares.
Before that, Levine Mark S. sold 3,295 shares. Immunovant Inc shares valued at $104,976 were divested by the Chief Legal Officer at a price of $31.86 per share. As a result of the transaction, Levine Mark S. now holds 330,099 shares, worth roughly $9.72 million.
A number of analysts have revised their coverage, including Oppenheimer’s analysts, who remained covering the stock and in early October has reiterated a ‘”an Outperform”‘ rating for it. Oppenheimer began covering IMVT with “an Outperform” recommendation on March 28, 2024. Goldman started covering the stock on March 13, 2024. It rated IMVT as “a Buy”.
Price Performance Review of IMVT
On Monday, Immunovant Inc [NASDAQ:IMVT] saw its stock fall -3.16% to $29.44. Over the last five days, the stock has gained 0.14%. Immunovant Inc shares have fallen nearly -30.12% since the year began. Nevertheless, the stocks have fallen -16.55% over the past one year. While a 52-week high of $45.58 was reached on 01/09/24, a 52-week low of $24.67 was recorded on 06/10/24. SMA at 50 days reached $29.92, while 200 days put it at $31.43.
Levels Of Support And Resistance For IMVT Stock
The 24-hour chart illustrates a support level at 29.04, which if violated will result in even more drops to 28.64. On the upside, there is a resistance level at 30.17. A further resistance level may holdings at 30.90. The Relative Strength Index (RSI) on the 14-day chart is 48.97, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.65, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 40.00%. Stochastics %K at 75.85% indicates the stock is a holding.
How much short interest is there in Immunovant Inc?
A steep rise in short interest was recorded in Immunovant Inc stocks on 2024-09-30, growing by 0.25 million shares to a total of 12.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 12.39 million shares. There was a rise of 1.98%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 20, 2024 when JP Morgan began covering the stock and recommended ‘”an Overweight”‘ rating along with a $51 price target.
