The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. T2 Biosystems Inc shares valued at $133 were sold by Elsbree David B on Sep 13 ’24. At $2.42 per share, Elsbree David B sold 55 shares. The insider’s holdings dropped to 23 shares worth approximately $33.12 following the completion of this transaction.
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Also, Elsbree David B purchased 55 shares, netting a total of over 132 in proceeds.
As published in a research note from Alliance Global Partners on January 27, 2021, T2 Biosystems Inc [TTOO] has been rated down from a Buy to a Neutral and the price target has been revised to $2.40 from $2.60. Analysts at BTIG Research started covering the stock with ‘”a Buy”‘ outlook in a report released in early October. As of November 26, 2019, Janney has decreased its “Buy” rating to a “Neutral” for TTOO. Earlier on August 01, 2019, Alliance Global Partners downgraded its rating. Their new recommendation was “a Neutral” for TTOO stock which previously was a “a Buy”.
Analyzing TTOO Stock Performance
During the last five days, there has been a surge of approximately 2.86%. Over the course of the year, T2 Biosystems Inc shares have dropped approximately -77.05%. Shares of the company reached a 52-week high of $6.9500 on 02/15/24 and a 52-week low of $1.3400 on 10/18/24. A 50-day SMA is recorded $2.3971, while a 200-day SMA reached $3.9451. Nevertheless, trading volume fell to 4.05 million shares from 1.15 million shares the previous day.
Support And Resistance Levels for T2 Biosystems Inc (TTOO)
According to the 24-hour chart, there is a support level at 1.2600, which, if violated, would cause prices to drop to 1.0800. In the upper region, resistance lies at 1.7400. The next price resistance is at 2.0400. RSI (Relative Strength Index) is 28.79 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.0371, which suggests the price will decrease in the coming days. Percent R is at 82.46%, indicating bearish price movement. Stochastics %K at holding indicates that the stock is to be held.
