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Insider Sale Alert: Catalyst Pharmaceuticals Inc [CPRX] – Is it Time to sell?

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In a filing, Catalyst Pharmaceuticals Inc revealed its Director Tierney David S unloaded Company’s shares for reported $0.3 million on Aug 21 ’24. In the deal valued at $20.10 per share,15,000 shares were sold. As a result of this transaction, Tierney David S now holds 348,874 shares worth roughly $7.33 million.

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Then, Miller Steve sold 150,000 shares, generating $3,052,900 in total proceeds. Upon selling the shares at $20.35, the Chief Op. & Scientific Officer now owns 675,124 shares.

Before that, Tierney David S bought 15,000 shares. Catalyst Pharmaceuticals Inc shares valued at $301,450 were divested by the Director at a price of $20.10 per share.

Citigroup initiated its Catalyst Pharmaceuticals Inc [CPRX] rating to a Buy in a research note published on March 14, 2024; the price target was $27. A number of analysts have revised their coverage, including BofA Securities’s analysts, who began to cover the stock in early March with a ‘”a Buy”‘ rating. Oppenheimer began covering CPRX with “an Outperform” recommendation on December 21, 2023. ROTH Capital revised its rating on August 24, 2022. It rated CPRX as “a Neutral” which previously was an “a Buy”.

Price Performance Review of CPRX

On Monday, Catalyst Pharmaceuticals Inc [NASDAQ:CPRX] saw its stock fall -1.04% to $21.02. Over the last five days, the stock has gained 1.84%. Catalyst Pharmaceuticals Inc shares have risen nearly 25.04% since the year began. Nevertheless, the stocks have risen 62.32% over the past one year. While a 52-week high of $21.85 was reached on 10/16/24, a 52-week low of $11.89 was recorded on 02/08/24. SMA at 50 days reached $20.21, while 200 days put it at $16.71.

Levels Of Support And Resistance For CPRX Stock

The 24-hour chart illustrates a support level at 20.80, which if violated will result in even more drops to 20.57. On the upside, there is a resistance level at 21.31. A further resistance level may holdings at 21.61. The Relative Strength Index (RSI) on the 14-day chart is 58.34, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.66, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 35.93%. Stochastics %K at 70.02% indicates the stock is a holding.

How much short interest is there in Catalyst Pharmaceuticals Inc?

A steep rise in short interest was recorded in Catalyst Pharmaceuticals Inc stocks on 2024-09-30, dropping by 21637.0 shares to a total of 5.75 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 5.77 million shares. There was a decline of -0.38%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on September 21, 2018 when Cantor Fitzgerald began covering the stock and recommended ‘”an Overweight”‘ rating .

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