The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Korro Bio Inc. shares valued at $1,225,450 were purchased by Colletti Steve on Oct 16 ’24. At $88.67 per share, Colletti Steve acquired 13,821 shares.
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Also, Colletti Steve purchased 10,303 shares, netting a total of over 507,326 in proceeds.
Before that, New Enterprise Associates 17, had added 17,857 shares to its account. In a trade valued at $999,992, the 10% Owner bought Korro Bio Inc. shares for $56.00 each. Upon closing the transaction, the insider’s holdings increased to 17,857 shares, worth approximately $83.99 million.
As published in their initiating research note from William Blair on August 14, 2024, Korro Bio Inc. [KRRO] has been an Outperform and the price target has been revised to $180. Analysts at H.C. Wainwright resumed the stock at ‘”a Buy”‘ outlook in a report released in late March. As of February 27, 2024, BMO Capital Markets has initiated its “an Outperform” rating for KRRO. Earlier on December 04, 2023, H.C. Wainwright initiated its rating. Their recommendation was “a Buy” for KRRO stock.
Analyzing KRRO Stock Performance
During the last five days, there has been a surge of approximately 116.11%. Over the course of the year, Korro Bio Inc. shares have jumped approximately 60.65%. Shares of the company reached a 52-week high of $98.00 on 10/16/24 and a 52-week low of $30.00 on 06/26/24. A 50-day SMA is recorded $40.21, while a 200-day SMA reached $49.86.
Support And Resistance Levels for Korro Bio Inc. (KRRO)
According to the 24-hour chart, there is a support level at 49.33, which, if violated, would cause prices to drop to 21.67. In the upper region, resistance lies at 101.33. The next price resistance is at 125.67. RSI (Relative Strength Index) is 87.44 on the 14-day chart, showing overbought technical sentiment. Moving Average Convergence Divergence (MACD) is at 13.68, which suggests the price will increase in the coming days. Percent R is at 31.21%, indicating low price movement. Stochastics %K at selling indicates that the stock is to be held.
