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Leerink Partners gives an Outperform recommendation for Trevi Therapeutics Inc (TRVI)

Trevi Therapeutics Inc’s recently made public that its President & CEO GOOD JENNIFER L unloaded Company’s shares for reported $12784.0 on Sep 06 ’24. In the deal valued at $3.03 per share,4,219 shares were sold. As a result of this transaction, GOOD JENNIFER L now holds 213,313 shares worth roughly $0.71 million.

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Then, GOOD JENNIFER L sold 1,840 shares, generating $5,587 in total proceeds. Upon selling the shares at $3.04, the President & CEO now owns 213,313 shares.

Before that, GOOD JENNIFER L sold 40,277 shares. Trevi Therapeutics Inc shares valued at $125,310 were divested by the President & CEO at a price of $3.11 per share. As a result of the transaction, GOOD JENNIFER L now holds 213,313 shares, worth roughly $0.71 million.

A number of analysts have revised their coverage, including Raymond James’s analysts, who began to cover the stock in late August with a ‘”an Outperform”‘ rating. H.C. Wainwright began covering TRVI with “Buy” recommendation on August 30, 2024. Rodman & Renshaw started covering the stock on June 13, 2024. It rated TRVI as “a Buy”.

Price Performance Review of TRVI

On Monday, Trevi Therapeutics Inc [NASDAQ:TRVI] saw its stock jump 7.37% to $3.35. Over the last five days, the stock has gained 5.35%. Trevi Therapeutics Inc shares have risen nearly 150.00% since the year began. Nevertheless, the stocks have risen 87.15% over the past one year. While a 52-week high of $4.00 was reached on 03/21/24, a 52-week low of $0.97 was recorded on 01/22/24. SMA at 50 days reached $3.09, while 200 days put it at $2.72.

Levels Of Support And Resistance For TRVI Stock

The 24-hour chart illustrates a support level at 3.19, which if violated will result in even more drops to 3.04. On the upside, there is a resistance level at 3.47. A further resistance level may holdings at 3.60. The Relative Strength Index (RSI) on the 14-day chart is 58.03, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.09, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 13.43%. Stochastics %K at 67.76% indicates the stock is a holding.

How much short interest is there in Trevi Therapeutics Inc?

A steep rise in short interest was recorded in Trevi Therapeutics Inc stocks on 2024-09-30, dropping by 44388.0 shares to a total of 1.51 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.55 million shares. There was a decline of -2.94%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on April 12, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $6 price target.

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