Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Phio Pharmaceuticals Corp shares valued at $740 were purchased by Bitterman Robert J on Jun 07 ’24. At $0.74 per share, Bitterman Robert J acquired 1,000 shares. The insider’s holdings grew to 20,990 shares worth approximately $68217.5 following the completion of this transaction.
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Also, Bitterman Robert J purchased 1,000 shares, netting a total of over 750 in proceeds. Following the buying of shares at $0.75 each, the insider now holds 19,990 shares.
Before that, Bitterman Robert J had added 2,500 shares to its account. In a trade valued at $2,275, the President & CEO bought Phio Pharmaceuticals Corp shares for $0.91 each. Upon closing the transaction, the insider’s holdings increased to 2,500 shares, worth approximately $61717.5.
As published in their initiating research note from H.C. Wainwright on August 05, 2020, Phio Pharmaceuticals Corp [PHIO] has been a Buy and the price target has been revised to $4.
Analyzing PHIO Stock Performance
During the last five days, there has been a surge of approximately 12.46%. Over the course of the year, Phio Pharmaceuticals Corp shares have dropped approximately -52.49%. Shares of the company reached a 52-week high of $10.35 on 03/06/24 and a 52-week low of $2.40 on 08/08/24. A 50-day SMA is recorded $3.01, while a 200-day SMA reached $5.49. Nevertheless, trading volume fell to 1.08 million shares from 26700.0 shares the previous day.
Support And Resistance Levels for Phio Pharmaceuticals Corp (PHIO)
According to the 24-hour chart, there is a support level at 2.78, which, if violated, would cause prices to drop to 2.31. In the upper region, resistance lies at 3.80. The next price resistance is at 4.35. RSI (Relative Strength Index) is 54.85 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.12, which suggests the price will decrease in the coming days. Percent R is at 43.15%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
