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An Analysis of Assertio Holdings Inc (ASRT)’s Potential Price Growth

Assertio Holdings Inc’s recently made public that its Director Vacirca Jeff L acquired Company’s shares for reported $11100.0 on Jun 11 ’24. In the deal valued at $1.11 per share,10,000 shares were bought. As a result of this transaction, Vacirca Jeff L now holds 151,159 shares worth roughly $0.16 million.

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Then, Mason Heather L bought 25,000 shares, generating $24,250 in total proceeds. Upon buying the shares at $0.97, the Interim Executive Officer now owns 212,650 shares.

Before that, Tyree James L sold 10,251 shares. Assertio Holdings Inc shares valued at $11,463 were divested by the Director at a price of $1.12 per share. As a result of the transaction, Tyree James L now holds 188,251 shares, worth roughly $0.2 million.

Maxim Group initiated its Assertio Holdings Inc [ASRT] rating to a Buy in a research note published on July 26, 2024; the price target was $3. A number of analysts have revised their coverage, including H.C. Wainwright’s analysts, who began to cover the stock in early July with a ‘”a Buy”‘ rating. Lake Street began covering ASRT with “Buy” recommendation on November 07, 2022. Mizuho revised its rating on November 30, 2018. It rated ASRT as “a Neutral” which previously was an “a Buy”.

Price Performance Review of ASRT

On Friday, Assertio Holdings Inc [NASDAQ:ASRT] saw its stock jump 5.79% to $1.05. Over the last five days, the stock has lost -9.48%. Assertio Holdings Inc shares have fallen nearly -1.87% since the year began. Nevertheless, the stocks have fallen -51.39% over the past one year. While a 52-week high of $2.37 was reached on 07/18/24, a 52-week low of $0.73 was recorded on 04/25/24. SMA at 50 days reached $1.1862, while 200 days put it at $1.0832.

Levels Of Support And Resistance For ASRT Stock

The 24-hour chart illustrates a support level at 1.0067, which if violated will result in even more drops to 0.9633. On the upside, there is a resistance level at 1.0867. A further resistance level may holdings at 1.1233. The Relative Strength Index (RSI) on the 14-day chart is 39.64, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0696, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 62.25%. Stochastics %K at 15.91% indicates the stock is a buying.

How much short interest is there in Assertio Holdings Inc?

A steep rise in short interest was recorded in Assertio Holdings Inc stocks on 2024-10-15, dropping by 38059.0 shares to a total of 6.2 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 6.23 million shares. There was a decline of -0.61%, which implies that there is a negative sentiment for the stock.

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