Beam Therapeutics Inc’s recent filing unveils that its President Ciaramella Giuseppe unloaded Company’s shares for reported $1.34 million on Oct 14 ’24. In the deal valued at $26.27 per share,51,110 shares were sold. As a result of this transaction, Ciaramella Giuseppe now holds 160,260 shares worth roughly $3.71 million.
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Then, Giuseppe Ciaramella bought 102,220 shares, generating $2,519,723 in total proceeds.
Before that, Burrell Terry-Ann bought 185,565 shares. Beam Therapeutics Inc shares valued at $4,267,995 were divested by the Officer at a price of $23.00 per share.
Scotiabank initiated its Beam Therapeutics Inc [BEAM] rating to a Sector outperform in a research note published recently. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in late July with a ‘”a Buy”‘ rating. JP Morgan also remained covering BEAM and has increased its forecast on January 29, 2024 with a “an Overweight” recommendation from previously “Neutral” rating. BofA Securities revised its rating on December 15, 2023. It rated BEAM as “a Neutral” which previously was an “a Buy”.
Price Performance Review of BEAM
On Monday, Beam Therapeutics Inc [NASDAQ:BEAM] saw its stock fall -2.11% to $23.15. Over the last five days, the stock has lost -12.94%. Beam Therapeutics Inc shares have fallen nearly -14.95% since the year began. Nevertheless, the stocks have risen 26.09% over the past one year. While a 52-week high of $49.50 was reached on 02/27/24, a 52-week low of $16.95 was recorded on 04/25/24. SMA at 50 days reached $24.74, while 200 days put it at $26.92.
Levels Of Support And Resistance For BEAM Stock
The 24-hour chart illustrates a support level at 22.73, which if violated will result in even more drops to 22.30. On the upside, there is a resistance level at 23.52. A further resistance level may holdings at 23.88. The Relative Strength Index (RSI) on the 14-day chart is 42.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.46, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 86.35%. Stochastics %K at 25.11% indicates the stock is a holding.
How much short interest is there in Beam Therapeutics Inc?
A steep rise in short interest was recorded in Beam Therapeutics Inc stocks on 2024-09-30, growing by 0.27 million shares to a total of 11.36 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 11.08 million shares. There was a rise of 2.41%, which implies that there is a positive sentiment for the stock.
