Cytokinetics Inc’s filing revealed that its Director WENDELL WIERENGA acquired Company’s shares for reported $0.23 million on Oct 28 ’24. In the deal valued at $52.25 per share,4,452 shares were bought.
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Then, Malik Fady Ibraham sold 7,300 shares, generating $395,554 in total proceeds. Upon selling the shares at $54.19, the EVP Research & Development now owns 116,920 shares.
Before that, FADY MALIK bought 7,300 shares. Cytokinetics Inc shares valued at $395,578 were divested by the Officer at a price of $54.19 per share.
Goldman downgraded its Cytokinetics Inc [CYTK] rating to a Neutral from a a Buy in a research note published on August 13, 2024; the price target was decreased to $60 from $85. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Morgan Stanley also remained covering CYTK and has decreased its forecast on January 05, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Goldman started covering the stock on November 09, 2023. It rated CYTK as “a Buy”.
Price Performance Review of CYTK
On Monday, Cytokinetics Inc [NASDAQ:CYTK] saw its stock jump 1.83% to $52.26. Over the last five days, the stock has lost -2.88%. Cytokinetics Inc shares have fallen nearly -37.41% since the year began. Nevertheless, the stocks have risen 61.25% over the past one year. While a 52-week high of $110.25 was reached on 01/08/24, a 52-week low of $30.37 was recorded on 05/28/24. SMA at 50 days reached $54.70, while 200 days put it at $62.10.
Levels Of Support And Resistance For CYTK Stock
The 24-hour chart illustrates a support level at 51.76, which if violated will result in even more drops to 51.26. On the upside, there is a resistance level at 53.04. A further resistance level may holdings at 53.82. The Relative Strength Index (RSI) on the 14-day chart is 42.83, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.93, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 79.84%. Stochastics %K at 9.55% indicates the stock is a buying.
How much short interest is there in Cytokinetics Inc?
A steep rise in short interest was recorded in Cytokinetics Inc stocks on 2024-10-15, dropping by -2.31 million shares to a total of 15.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.84 million shares. There was a decline of -14.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 07, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $66 price target.
