Corbus Pharmaceuticals Holdings Inc’s recent filing unveils that its 10% Owner Cormorant Asset Management, LP acquired Company’s shares for reported $7.0 million on Sep 20 ’24. In the deal valued at $20.01 per share,350,000 shares were bought. As a result of this transaction, Cormorant Asset Management, LP now holds 2,375,000 shares worth roughly $41.97 million.
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Then, CATLIN AVERY W bought 888 shares, generating $50,109 in total proceeds.
Before that, Moran Sean F. sold 9,355 shares. Corbus Pharmaceuticals Holdings Inc shares valued at $466,569 were divested by the Chief Financial Officer at a price of $49.87 per share. As a result of the transaction, Moran Sean F. now holds 48,605 shares, worth roughly $0.86 million.
Wedbush initiated its Corbus Pharmaceuticals Holdings Inc [CRBP] rating to an Outperform in a research note published on July 30, 2024; the price target was $85. B. Riley Securities began covering CRBP with “Buy” recommendation on June 26, 2024. Oppenheimer maintained its rating on June 03, 2024. It rated CRBP as “an Outperform”.
Price Performance Review of CRBP
On Monday, Corbus Pharmaceuticals Holdings Inc [NASDAQ:CRBP] saw its stock fall -4.02% to $17.67. Over the last five days, the stock has lost -5.46%. Corbus Pharmaceuticals Holdings Inc shares have risen nearly 192.55% since the year began. Nevertheless, the stocks have risen 193.52% over the past one year. While a 52-week high of $61.90 was reached on 07/31/24, a 52-week low of $3.03 was recorded on 01/16/24. SMA at 50 days reached $39.31, while 200 days put it at $38.47.
Levels Of Support And Resistance For CRBP Stock
The 24-hour chart illustrates a support level at 17.15, which if violated will result in even more drops to 16.64. On the upside, there is a resistance level at 18.31. A further resistance level may holdings at 18.95. The Relative Strength Index (RSI) on the 14-day chart is 27.02, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.68, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 88.46%. Stochastics %K at 16.00% indicates the stock is a buying.
How much short interest is there in Corbus Pharmaceuticals Holdings Inc?
A steep rise in short interest was recorded in Corbus Pharmaceuticals Holdings Inc stocks on 2024-09-30, growing by 1.35 million shares to a total of 2.6 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 1.26 million shares. There was a rise of 51.72%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on May 13, 2024 when RBC Capital Mkts began covering the stock and recommended ‘”an Outperform”‘ rating along with a $77 price target.
