GlycoMimetics Inc’s filing revealed that its 10% Owner Invus Public Equities, L.P. unloaded Company’s shares for reported $50009.0 on Aug 08 ’24. In the deal valued at $0.19 per share,260,873 shares were sold. As a result of this transaction, Invus Public Equities, L.P. now holds 6,317,565 shares worth roughly $1.01 million.
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Then, Invus Public Equities, L.P. sold 61,488 shares, generating $11,197 in total proceeds. Upon selling the shares at $0.18, the 10% Owner now owns 6,578,438 shares.
Before that, Invus Public Equities, L.P. sold 164,523 shares. GlycoMimetics Inc shares valued at $30,996 were divested by the 10% Owner at a price of $0.19 per share. As a result of the transaction, Invus Public Equities, L.P. now holds 6,695,658 shares, worth roughly $1.07 million.
TD Cowen downgraded its GlycoMimetics Inc [GLYC] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including CapitalOne’s analysts, who began to cover the stock in late December with a ‘”an Overweight”‘ rating. Jefferies also remained covering GLYC and has increased its forecast on November 12, 2021 with a “Buy” recommendation from previously “Hold” rating. ROTH Capital started covering the stock on November 14, 2019. It rated GLYC as “a Buy”.
Price Performance Review of GLYC
On Monday, GlycoMimetics Inc [NASDAQ:GLYC] saw its stock jump 1.01% to $0.16. Over the last five days, the stock has gained 7.67%. GlycoMimetics Inc shares have fallen nearly -93.22% since the year began. Nevertheless, the stocks have fallen -87.69% over the past one year. While a 52-week high of $3.53 was reached on 01/23/24, a 52-week low of $0.14 was recorded on 10/09/24. SMA at 50 days reached $0.1661, while 200 days put it at $1.2733.
Levels Of Support And Resistance For GLYC Stock
The 24-hour chart illustrates a support level at 0.1552, which if violated will result in even more drops to 0.1505. On the upside, there is a resistance level at 0.1665. A further resistance level may holdings at 0.1731. The Relative Strength Index (RSI) on the 14-day chart is 49.02, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0050, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 29.96%. Stochastics %K at 63.55% indicates the stock is a holding.
How much short interest is there in GlycoMimetics Inc?
A steep rise in short interest was recorded in GlycoMimetics Inc stocks on 2024-09-30, dropping by -0.3 million shares to a total of 1.64 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.93 million shares. There was a decline of -18.03%, which implies that there is a negative sentiment for the stock.
