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Recent Insider Activity Could Benefit Tarsus Pharmaceuticals Inc (TARS)

Tarsus Pharmaceuticals Inc’s recently made public that its Director LINK WILLIAM J PHD unloaded Company’s shares for reported $0.91 million on Aug 12 ’24. In the deal valued at $26.08 per share,35,000 shares were sold. As a result of this transaction, LINK WILLIAM J PHD now holds 0 shares worth roughly $0.0.

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Then, FLYING L PARTNERS XI LLC bought 35,000 shares, generating $939,750 in total proceeds.

Before that, Farrow Jeffrey S sold 10,445 shares. Tarsus Pharmaceuticals Inc shares valued at $286,924 were divested by the insider at a price of $27.47 per share. As a result of the transaction, Farrow Jeffrey S now holds 18,136 shares, worth roughly $0.68 million.

Goldman initiated its Tarsus Pharmaceuticals Inc [TARS] rating to a Neutral in a research note published on November 20, 2023; the price target was $19. A number of analysts have revised their coverage, including William Blair’s analysts, who began to cover the stock in mid July with a ‘”an Outperform”‘ rating. Guggenheim began covering TARS with “Buy” recommendation on May 18, 2023. Barclays started covering the stock on August 01, 2022. It rated TARS as “an Overweight”.

Price Performance Review of TARS

On Tuesday, Tarsus Pharmaceuticals Inc [NASDAQ:TARS] saw its stock jump 2.19% to $37.28. Over the last five days, the stock has gained 9.65%. Tarsus Pharmaceuticals Inc shares have risen nearly 84.10% since the year began. Nevertheless, the stocks have risen 187.21% over the past one year. While a 52-week high of $42.50 was reached on 05/09/24, a 52-week low of $12.57 was recorded on 01/05/24. SMA at 50 days reached $30.12, while 200 days put it at $30.55.

Levels Of Support And Resistance For TARS Stock

The 24-hour chart illustrates a support level at 36.44, which if violated will result in even more drops to 35.60. On the upside, there is a resistance level at 37.81. A further resistance level may holdings at 38.34. The Relative Strength Index (RSI) on the 14-day chart is 70.45, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.44, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 3.58%. Stochastics %K at 95.92% indicates the stock is a selling.

How much short interest is there in Tarsus Pharmaceuticals Inc?

A steep rise in short interest was recorded in Tarsus Pharmaceuticals Inc stocks on 2024-09-30, growing by 0.16 million shares to a total of 9.95 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 9.79 million shares. There was a rise of 1.58%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on December 21, 2021 when H.C. Wainwright began covering the stock and recommended ‘”a Buy”‘ rating along with a $40 price target.

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