Harrow Inc’s recent filing unveils that its 10% Owner Opaleye Management Inc. acquired Company’s shares for reported $0.2 million on Apr 25 ’24. In the deal valued at $9.97 per share,20,000 shares were bought. As a result of this transaction, Opaleye Management Inc. now holds 3,815,000 shares worth roughly $219.29 million.
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Then, Opaleye Management Inc. bought 11,715 shares, generating $120,547 in total proceeds. Upon buying the shares at $10.29, the 10% Owner now owns 3,786,715 shares.
Before that, Opaleye Management Inc. bought 8,285 shares. Harrow Inc shares valued at $84,093 were divested by the 10% Owner at a price of $10.15 per share. As a result of the transaction, Opaleye Management Inc. now holds 3,795,000 shares, worth roughly $218.14 million.
Craig Hallum initiated its Harrow Inc [HROW] rating to a Buy in a research note published on April 11, 2024; the price target was $24. Aegis Capital started covering the stock on September 24, 2021. It rated HROW as “a Buy”.
Price Performance Review of HROW
On Friday, Harrow Inc [NASDAQ:HROW] saw its stock jump 1.90% to $57.48. Over the last five days, the stock has gained 13.35%. Harrow Inc shares have risen nearly 413.21% since the year began. Nevertheless, the stocks have risen 269.17% over the past one year. While a 52-week high of $57.20 was reached on 10/18/24, a 52-week low of $7.60 was recorded on 02/05/24. SMA at 50 days reached $44.18, while 200 days put it at $22.25.
Levels Of Support And Resistance For HROW Stock
The 24-hour chart illustrates a support level at 55.92, which if violated will result in even more drops to 54.35. On the upside, there is a resistance level at 59.14. A further resistance level may holdings at 60.79. The Relative Strength Index (RSI) on the 14-day chart is 80.38, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.05, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 10.71%. Stochastics %K at 91.87% indicates the stock is a selling.
How much short interest is there in Harrow Inc?
A steep rise in short interest was recorded in Harrow Inc stocks on 2024-09-30, dropping by 20527.0 shares to a total of 4.08 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 4.1 million shares. There was a decline of -0.5%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on July 02, 2021 when Ladenburg Thalmann began covering the stock and recommended ‘”a Buy”‘ rating along with a $14.25 price target.
