Capricor Therapeutics Inc’s recent filing unveils that its 10% Owner Nippon Shinyaku Co Ltd acquired Company’s shares for reported $15.0 million on Sep 20 ’24. In the deal valued at $5.36 per share,2,798,507 shares were bought. As a result of this transaction, Nippon Shinyaku Co Ltd now holds 7,090,351 shares worth roughly $154.43 million.
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Piper Sandler initiated its Capricor Therapeutics Inc [CAPR] rating to an Overweight in a research note published on October 21, 2024; the price target was $35. A number of analysts have revised their coverage, including Oppenheimer’s analysts, who began to cover the stock in mid May with a ‘”an Outperform”‘ rating. Cantor Fitzgerald began covering CAPR with “an Overweight” recommendation on January 05, 2024. Ladenburg Thalmann started covering the stock on October 26, 2022. It rated CAPR as “a Buy”.
Price Performance Review of CAPR
On Friday, Capricor Therapeutics Inc [NASDAQ:CAPR] saw its stock jump 2.69% to $21.78. Over the last five days, the stock has gained 15.48%. Capricor Therapeutics Inc shares have risen nearly 345.40% since the year began. Nevertheless, the stocks have risen 680.65% over the past one year. While a 52-week high of $23.40 was reached on 10/15/24, a 52-week low of $2.68 was recorded on 08/07/24. SMA at 50 days reached $10.74, while 200 days put it at $6.45.
Levels Of Support And Resistance For CAPR Stock
The 24-hour chart illustrates a support level at 20.99, which if violated will result in even more drops to 20.20. On the upside, there is a resistance level at 22.59. A further resistance level may holdings at 23.40. The Relative Strength Index (RSI) on the 14-day chart is 68.39, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.77, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 20.10%. Stochastics %K at 75.93% indicates the stock is a holding.
How much short interest is there in Capricor Therapeutics Inc?
A steep rise in short interest was recorded in Capricor Therapeutics Inc stocks on 2024-10-15, dropping by -1.34 million shares to a total of 6.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 7.53 million shares. There was a decline of -21.7%, which implies that there is a negative sentiment for the stock.
