In a filing, Sarepta Therapeutics Inc revealed its Chief Financial Officer Estepan Ian Michael unloaded Company’s shares for reported $0.82 million on Aug 30 ’24. In the deal valued at $137.36 per share,5,985 shares were sold. As a result of this transaction, Estepan Ian Michael now holds 33,946 shares worth roughly $4.31 million.
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Then, Estepan Ian Michael bought 5,985 shares, generating $822,130 in total proceeds.
Before that, Chambers Michael Andrew bought 37,038 shares. Sarepta Therapeutics Inc shares valued at $4,955,728 were divested by the Director at a price of $133.80 per share. As a result of the transaction, Chambers Michael Andrew now holds 284,034 shares, worth roughly $36.1 million.
A number of analysts have revised their coverage, including RBC Capital Mkts’s analysts, who increased its forecast for the stock in late July from “a Sector perform” to “an Outperform”. Citigroup also remained covering SRPT and has decreased its forecast on June 26, 2024 with a “Neutral” recommendation from previously “Buy” rating. Piper Sandler started covering the stock on May 31, 2024. It rated SRPT as “an Overweight”.
Price Performance Review of SRPT
On Friday, Sarepta Therapeutics Inc [NASDAQ:SRPT] saw its stock jump 2.28% to $127.08. Over the last five days, the stock has gained 2.06%. Sarepta Therapeutics Inc shares have risen nearly 31.78% since the year began. Nevertheless, the stocks have risen 11.65% over the past one year. While a 52-week high of $173.25 was reached on 06/21/24, a 52-week low of $55.25 was recorded on 01/05/24. SMA at 50 days reached $128.79, while 200 days put it at $129.67.
Levels Of Support And Resistance For SRPT Stock
The 24-hour chart illustrates a support level at 124.21, which if violated will result in even more drops to 121.35. On the upside, there is a resistance level at 129.99. A further resistance level may holdings at 132.91. The Relative Strength Index (RSI) on the 14-day chart is 54.30, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.48, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.33%. Stochastics %K at 76.90% indicates the stock is a holding.
How much short interest is there in Sarepta Therapeutics Inc?
A steep rise in short interest was recorded in Sarepta Therapeutics Inc stocks on 2024-09-30, dropping by -0.34 million shares to a total of 6.19 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 6.53 million shares. There was a decline of -5.54%, which implies that there is a negative sentiment for the stock.
