Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Gossamer Bio Inc shares valued at $1,260 were sold by Aranda Richard on Jun 24 ’24. At $0.66 per share, Aranda Richard sold 1,908 shares. The insider’s holdings dropped to 196,891 shares worth approximately $0.18 million following the completion of this transaction.
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Also, Hasnain Faheem purchased 372,000 shares, netting a total of over 250,282 in proceeds. Following the buying of shares at $0.67 each, the insider now holds 5,408,073 shares.
Before that, Giraudo Bryan had added 100,000 shares to its account. In a trade valued at $59,110, the COO/CFO bought Gossamer Bio Inc shares for $0.59 each. Upon closing the transaction, the insider’s holdings increased to 100,000 shares, worth approximately $0.43 million.
As published in their initiating research note from Oppenheimer on June 25, 2024, Gossamer Bio Inc [GOSS] has been an Outperform and the price target has been revised to $9. As of July 27, 2023, UBS has decreased its “Buy” rating to a “Neutral” for GOSS. Earlier on March 07, 2023, Raymond James downgraded its rating. Their new recommendation was “a Mkt perform” for GOSS stock which previously was a “an Outperform”.
Analyzing GOSS Stock Performance
During the last five days, there has been a drop of approximately -8.35%. Over the course of the year, Gossamer Bio Inc shares have dropped approximately -2.58%. Shares of the company reached a 52-week high of $1.6000 on 03/07/24 and a 52-week low of $0.4993 on 06/10/24. A 50-day SMA is recorded $0.9403, while a 200-day SMA reached $0.9394. Nevertheless, trading volume fell to 0.99 million shares from 0.95 million shares the previous day.
Support And Resistance Levels for Gossamer Bio Inc (GOSS)
According to the 24-hour chart, there is a support level at 0.8565, which, if violated, would cause prices to drop to 0.8240. In the upper region, resistance lies at 0.9157. The next price resistance is at 0.9424. RSI (Relative Strength Index) is 38.48 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0720, which suggests the price will decrease in the coming days. Percent R is at 83.99%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
