Bright Minds Biosciences Inc’s filing revealed that its 10% Owner Cormorant Asset Management, LP acquired Company’s shares for reported $2.06 million on Oct 15 ’24. In the deal valued at $5.53 per share,372,591 shares were bought. As a result of this transaction, Cormorant Asset Management, LP now holds 825,000 shares worth roughly $38.95 million.
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Then, Cormorant Asset Management, LP bought 50,000 shares, generating $1,172,813 in total proceeds. Upon buying the shares at $23.46, the 10% Owner now owns 875,000 shares.
Price Performance Review of DRUG
On Friday, Bright Minds Biosciences Inc [NASDAQ:DRUG] saw its stock jump 117.56% to $47.21. Over the last five days, the stock has gained 4271.70%. Bright Minds Biosciences Inc shares have risen nearly 3201.40% since the year began. Nevertheless, the stocks have risen 2926.28% over the past one year. While a 52-week high of $38.49 was reached on 10/18/24, a 52-week low of $0.93 was recorded on 04/30/24. SMA at 50 days reached $3.80, while 200 days put it at $1.98.
Levels Of Support And Resistance For DRUG Stock
The 24-hour chart illustrates a support level at 27.80, which if violated will result in even more drops to 8.39. On the upside, there is a resistance level at 72.82. A further resistance level may holdings at 98.43. The Relative Strength Index (RSI) on the 14-day chart is 78.57, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 21.96, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 40.74%. Stochastics %K at 62.91% indicates the stock is a holding.
How much short interest is there in Bright Minds Biosciences Inc?
A steep rise in short interest was recorded in Bright Minds Biosciences Inc stocks on 2024-09-30, dropping by 96324.0 shares to a total of 85132.0 shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 0.18 million shares. There was a decline of -113.15%, which implies that there is a negative sentiment for the stock.
