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Investing in Lyra Therapeutics Inc (LYRA) Is Getting More Attractive

Lyra Therapeutics Inc’s filing revealed that its Executive Chair Waksal Harlan acquired Company’s shares for reported $74095.0 on Nov 10 ’23. In the deal valued at $2.96 per share,25,000 shares were bought. As a result of this transaction, Waksal Harlan now holds 261,966 shares worth roughly $65491.5.

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Jefferies downgraded its Lyra Therapeutics Inc [LYRA] rating to a Hold from a a Buy in a research note published on May 07, 2024; the price target was decreased to $0.50 from $10. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who decreased its forecast for the stock in early May from “a Buy” to “a Neutral”. BofA Securities also remained covering LYRA and has decreased its forecast on May 07, 2024 with a “an Underperform” recommendation from previously “Buy” rating. William Blair revised its rating on May 06, 2024. It rated LYRA as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of LYRA

On Tuesday, Lyra Therapeutics Inc [NASDAQ:LYRA] saw its stock jump 3.28% to $0.25. Over the last five days, the stock has gained 10.33%. Lyra Therapeutics Inc shares have fallen nearly -95.19% since the year began. Nevertheless, the stocks have fallen -92.98% over the past one year. While a 52-week high of $6.79 was reached on 03/27/24, a 52-week low of $0.21 was recorded on 10/08/24. SMA at 50 days reached $0.2724, while 200 days put it at $2.3455.

Levels Of Support And Resistance For LYRA Stock

The 24-hour chart illustrates a support level at 0.2370, which if violated will result in even more drops to 0.2220. On the upside, there is a resistance level at 0.2716. A further resistance level may holdings at 0.2912. The Relative Strength Index (RSI) on the 14-day chart is 51.09, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0145, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 36.83%. Stochastics %K at 63.18% indicates the stock is a holding.

How much short interest is there in Lyra Therapeutics Inc?

A steep rise in short interest was recorded in Lyra Therapeutics Inc stocks on 2024-09-30, dropping by -0.11 million shares to a total of 2.85 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-30 was 2.96 million shares. There was a decline of -3.81%, which implies that there is a negative sentiment for the stock.

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