TG Therapeutics Inc’s filing revealed that its Director Lonial Sagar unloaded Company’s shares for reported $0.28 million on Jun 20 ’24. In the deal valued at $16.87 per share,16,348 shares were sold. As a result of this transaction, Lonial Sagar now holds 105,195 shares worth roughly $2.7 million.
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Then, Lonial Sagar sold 9,585 shares, generating $157,098 in total proceeds. Upon selling the shares at $16.39, the Director now owns 99,293 shares.
Before that, Lonial Sagar sold 5,000 shares. TG Therapeutics Inc shares valued at $79,675 were divested by the Director at a price of $15.94 per share. As a result of the transaction, Lonial Sagar now holds 108,878 shares, worth roughly $2.8 million.
TD Cowen initiated its TG Therapeutics Inc [TGTX] rating to a Buy in a research note published on October 29, 2024; the price target was $50. A number of analysts have revised their coverage, including Goldman’s analysts, who increased its forecast for the stock in early August from “a Sell” to “a Neutral”. BofA Securities started covering the stock on May 20, 2022. It rated TGTX as “an Underperform”.
Price Performance Review of TGTX
On Tuesday, TG Therapeutics Inc [NASDAQ:TGTX] saw its stock jump 5.59% to $25.71. Over the last five days, the stock has gained 6.02%. TG Therapeutics Inc shares have risen nearly 50.53% since the year began. Nevertheless, the stocks have risen 269.40% over the past one year. While a 52-week high of $26.41 was reached on 09/18/24, a 52-week low of $6.98 was recorded on 02/21/24. SMA at 50 days reached $23.47, while 200 days put it at $18.48.
Levels Of Support And Resistance For TGTX Stock
The 24-hour chart illustrates a support level at 24.63, which if violated will result in even more drops to 23.55. On the upside, there is a resistance level at 26.51. A further resistance level may holdings at 27.30. The Relative Strength Index (RSI) on the 14-day chart is 64.48, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.79, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 10.39%. Stochastics %K at 78.21% indicates the stock is a holding.
How much short interest is there in TG Therapeutics Inc?
A steep rise in short interest was recorded in TG Therapeutics Inc stocks on 2024-10-15, growing by 2.65 million shares to a total of 32.48 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 29.84 million shares. There was a rise of 8.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on February 23, 2022 when B. Riley Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $35.
