PTC Therapeutics Inc’s recent filing unveils that its CHIEF FINANCIAL OFFICER Gravier Pierre unloaded Company’s shares for reported $77200.0 on Jul 16 ’24. In the deal valued at $34.02 per share,2,269 shares were sold. As a result of this transaction, Gravier Pierre now holds 53,531 shares worth roughly $2.18 million.
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Then, ZELDIS JEROME B sold 20,000 shares, generating $764,800 in total proceeds. Upon selling the shares at $38.24, the Director now owns 14,500 shares.
Before that, Golden Lee Scott sold 175 shares. PTC Therapeutics Inc shares valued at $5,744 were divested by the EVP & CHIEF MEDICAL OFFICER at a price of $32.82 per share. As a result of the transaction, Golden Lee Scott now holds 59,813 shares, worth roughly $2.44 million.
A number of analysts have revised their coverage, including Robert W. Baird’s analysts, who began to cover the stock in early September with a ‘”an Outperform”‘ rating. Raymond James revised its rating on May 20, 2024. It rated PTCT as “a Mkt perform” which previously was an “an Underperform”.
Price Performance Review of PTCT
On Friday, PTC Therapeutics Inc [NASDAQ:PTCT] saw its stock fall -1.57% to $40.75. Over the last five days, the stock has gained 4.22%. PTC Therapeutics Inc shares have risen nearly 47.86% since the year began. Nevertheless, the stocks have risen 75.04% over the past one year. While a 52-week high of $43.40 was reached on 10/24/24, a 52-week low of $17.53 was recorded on 02/13/24. SMA at 50 days reached $35.99, while 200 days put it at $32.11.
Levels Of Support And Resistance For PTCT Stock
The 24-hour chart illustrates a support level at 40.22, which if violated will result in even more drops to 39.68. On the upside, there is a resistance level at 41.66. A further resistance level may holdings at 42.57. The Relative Strength Index (RSI) on the 14-day chart is 60.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.25, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 32.08%. Stochastics %K at 81.22% indicates the stock is a selling.
How much short interest is there in PTC Therapeutics Inc?
A steep rise in short interest was recorded in PTC Therapeutics Inc stocks on 2024-10-15, dropping by -0.57 million shares to a total of 4.66 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.22 million shares. There was a decline of -12.15%, which implies that there is a negative sentiment for the stock.
