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Investing in Shattuck Labs Inc (STTK) Is Getting More Attractive

In a filing, Shattuck Labs Inc revealed its Chief Executive Officer Schreiber Taylor acquired Company’s shares for reported $44220.0 on Oct 07 ’24. In the deal valued at $1.21 per share,36,500 shares were bought. As a result of this transaction, Schreiber Taylor now holds 71,002 shares worth roughly $93012.62000000001.

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Then, Brous Tyler bought 5,416 shares, generating $21,068 in total proceeds. Upon buying the shares at $3.89, the Director now owns 235,088 shares.

Before that, Brous Tyler bought 3,000 shares. Shattuck Labs Inc shares valued at $11,700 were divested by the Director at a price of $3.90 per share. As a result of the transaction, Brous Tyler now holds 238,088 shares, worth roughly $0.31 million.

Needham downgraded its Shattuck Labs Inc [STTK] rating to a Hold from a a Buy in a research note published recently. A number of analysts have revised their coverage, including Citigroup’s analysts, who decreased its forecast for the stock in early October from “a Buy” to “a Neutral”. H.C. Wainwright also remained covering STTK and has decreased its forecast on October 01, 2024 with a “Neutral” recommendation from previously “Buy” rating. BTIG Research revised its rating on June 17, 2024. It rated STTK as “a Neutral” which previously was an “a Buy”.

Price Performance Review of STTK

On Friday, Shattuck Labs Inc [NASDAQ:STTK] saw its stock jump 2.34% to $1.31. Over the last five days, the stock has lost -2.96%. Shattuck Labs Inc shares have fallen nearly -81.63% since the year began. Nevertheless, the stocks have fallen -18.63% over the past one year. While a 52-week high of $11.76 was reached on 05/14/24, a 52-week low of $1.07 was recorded on 10/07/24. SMA at 50 days reached $2.7486, while 200 days put it at $6.3772.

Levels Of Support And Resistance For STTK Stock

The 24-hour chart illustrates a support level at 1.1900, which if violated will result in even more drops to 1.0700. On the upside, there is a resistance level at 1.3900. A further resistance level may holdings at 1.4700. The Relative Strength Index (RSI) on the 14-day chart is 28.92, which indicates oversold technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.0833, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 69.23%. Stochastics %K at 34.70% indicates the stock is a holding.

How much short interest is there in Shattuck Labs Inc?

A steep rise in short interest was recorded in Shattuck Labs Inc stocks on 2024-10-15, dropping by -3.31 million shares to a total of 2.18 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 5.49 million shares. There was a decline of -152.06%, which implies that there is a negative sentiment for the stock.

The most recent change occurred on August 31, 2022 when BTIG Research began covering the stock and recommended ‘”a Buy”‘ rating along with a $12 price target.

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