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Potential Price Increase for Humacyte Inc (HUMA) After Recent Insider Activity

In a filing, Humacyte Inc revealed its Director Sebelius Kathleen unloaded Company’s shares for reported $28004.0 on Sep 10 ’24. In the deal valued at $5.40 per share,5,182 shares were sold. As a result of this transaction, Sebelius Kathleen now holds 40,276 shares worth roughly $0.2 million.

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Then, Dougan Brady W sold 288,674 shares, generating $1,509,765 in total proceeds. Upon selling the shares at $5.23, the Director now owns 3,230,884 shares.

Before that, Dougan Brady W sold 157,704 shares. Humacyte Inc shares valued at $854,756 were divested by the Director at a price of $5.42 per share. As a result of the transaction, Dougan Brady W now holds 3,519,558 shares, worth roughly $17.7 million.

H.C. Wainwright initiated its Humacyte Inc [HUMA] rating to a Buy in a research note published on December 11, 2023; the price target was $6. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in mid August from “an Underweight” to “a Neutral”. Cantor Fitzgerald began covering HUMA with “an Overweight” recommendation on June 22, 2023. Piper Sandler revised its rating on May 16, 2022. It rated HUMA as “an Underweight” which previously was an “an Overweight”.

Price Performance Review of HUMA

On Friday, Humacyte Inc [NASDAQ:HUMA] saw its stock jump 3.50% to $5.03. Over the last five days, the stock has lost -12.22%. Humacyte Inc shares have risen nearly 77.11% since the year began. Nevertheless, the stocks have risen 107.85% over the past one year. While a 52-week high of $9.97 was reached on 05/31/24, a 52-week low of $1.96 was recorded on 01/17/24. SMA at 50 days reached $5.81, while 200 days put it at $5.13.

Levels Of Support And Resistance For HUMA Stock

The 24-hour chart illustrates a support level at 4.88, which if violated will result in even more drops to 4.72. On the upside, there is a resistance level at 5.32. A further resistance level may holdings at 5.60. The Relative Strength Index (RSI) on the 14-day chart is 40.93, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.24, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 71.59%. Stochastics %K at 34.08% indicates the stock is a holding.

How much short interest is there in Humacyte Inc?

A steep rise in short interest was recorded in Humacyte Inc stocks on 2024-09-30, growing by 4.75 million shares to a total of 16.03 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.27 million shares. There was a rise of 29.66%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 29, 2021 when Cowen began covering the stock and recommended ‘”an Outperform”‘ rating along with a $17 price target.

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