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Redburn Atlantic initates Legend Biotech Corp ADR (LEGN) rating to a Buy

Legend Biotech Corp ADR’s recently made public that its Officer Huang Ying acquired Company’s shares for reported $66326.0 on Sep 25 ’24. In the deal valued at $44.10 per share,1,504 shares were bought.

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Then, Macomber Lori bought 90,060 shares, generating $4,405,003 in total proceeds.

Before that, Yau Wai Man Philip bought 1,946 shares. Legend Biotech Corp ADR shares valued at $99,324 were divested by the Director at a price of $51.04 per share.

Redburn Atlantic initiated its Legend Biotech Corp ADR [LEGN] rating to a Buy in a research note published on October 08, 2024; the price target was $86. A number of analysts have revised their coverage, including Truist’s analysts, who began to cover the stock in mid June with a ‘”a Buy”‘ rating. H.C. Wainwright also remained covering LEGN and reiterated its “Buy” recommendation on May 24, 2024. Deutsche Bank started covering the stock on May 23, 2024. It rated LEGN as “a Buy”.

Price Performance Review of LEGN

On Tuesday, Legend Biotech Corp ADR [NASDAQ:LEGN] saw its stock fall -9.60% to $44.91. Over the last five days, the stock has lost -6.55%. Legend Biotech Corp ADR shares have fallen nearly -25.36% since the year began. Nevertheless, the stocks have fallen -32.47% over the past one year. While a 52-week high of $70.78 was reached on 02/27/24, a 52-week low of $38.60 was recorded on 06/03/24. SMA at 50 days reached $52.15, while 200 days put it at $52.94.

Levels Of Support And Resistance For LEGN Stock

The 24-hour chart illustrates a support level at 42.60, which if violated will result in even more drops to 40.30. On the upside, there is a resistance level at 49.49. A further resistance level may holdings at 54.08. The Relative Strength Index (RSI) on the 14-day chart is 37.40, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.32, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.29%. Stochastics %K at 57.80% indicates the stock is a holding.

How much short interest is there in Legend Biotech Corp ADR?

A steep rise in short interest was recorded in Legend Biotech Corp ADR stocks on 2024-09-30, growing by 1.86 million shares to a total of 12.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 10.22 million shares. There was a rise of 15.38%, which implies that there is a positive sentiment for the stock.

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