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Buying Buzz: Viridian Therapeutics Inc [VRDN] Chief Operating Officer Beetham Thomas W. purchases 5,000 shares of the company

Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Viridian Therapeutics Inc shares valued at $117,050 were purchased by Beetham Thomas W. on Sep 27 ’24. At $23.41 per share, Beetham Thomas W. acquired 5,000 shares. The insider’s holdings grew to 6,000 shares worth approximately $0.14 million following the completion of this transaction.

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Also, Mahoney Stephen F. purchased 21,400 shares, netting a total of over 499,262 in proceeds. Following the buying of shares at $23.33 each, the insider now holds 21,400 shares.

Before that, Fairmount Funds Management LLC had added 1,600,000 shares to its account. In a trade valued at $30,000,000, the Director bought Viridian Therapeutics Inc shares for $18.75 each. Upon closing the transaction, the insider’s holdings increased to 1,600,000 shares, worth approximately $80.6 million.

As published in a research note from Needham on September 11, 2024, Viridian Therapeutics Inc [VRDN] has been retained to a Buy and the price target has been revised to $38. Analysts at Wolfe Research started covering the stock with ‘”an Outperform”‘ outlook in a report released in mid June. As of June 06, 2024, Goldman has initiated its “Buy” rating for VRDN. Earlier on May 09, 2024, Ladenburg Thalmann downgraded its rating. Their new recommendation was “a Neutral” for VRDN stock which previously was a “a Buy”.

Analyzing VRDN Stock Performance

During the last five days, there has been a drop of approximately -1.68%. Over the course of the year, Viridian Therapeutics Inc shares have jumped approximately 7.39%. Nevertheless, trading volume fell to 1.67 million shares from 0.58 million shares the previous day.

Support And Resistance Levels for Viridian Therapeutics Inc (VRDN)

RSI (Relative Strength Index) is 55.13 on the 14-day chart, showing neutral technical sentiment.

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