Cara Therapeutics Inc’s recent filing unveils that its PRESIDENT AND CEO Posner Christopher unloaded Company’s shares for reported $1452.0 on Aug 01 ’24. In the deal valued at $0.35 per share,4,149 shares were sold. As a result of this transaction, Posner Christopher now holds 172,436 shares worth roughly $46557.72.
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Then, Posner Christopher sold 3,936 shares, generating $2,952 in total proceeds. Upon selling the shares at $0.75, the PRESIDENT AND CEO now owns 176,585 shares.
Before that, Goncalves Joana sold 2,753 shares. Cara Therapeutics Inc shares valued at $2,285 were divested by the CHIEF MEDICAL OFFICER at a price of $0.83 per share. As a result of the transaction, Goncalves Joana now holds 53,365 shares, worth roughly $14408.550000000001.
Stifel downgraded its Cara Therapeutics Inc [CARA] rating to a Hold from a a Buy in a research note published on June 13, 2024; the price target was decreased to $1 from $6. A number of analysts have revised their coverage, including Needham’s analysts, who decreased its forecast for the stock in mid June from “a Buy” to “a Hold”. H.C. Wainwright also remained covering CARA and has decreased its forecast on June 13, 2024 with a “Neutral” recommendation from previously “Buy” rating. Canaccord Genuity revised its rating on June 13, 2024. It rated CARA as “a Hold” which previously was an “a Buy”.
Price Performance Review of CARA
On Tuesday, Cara Therapeutics Inc [NASDAQ:CARA] saw its stock fall -1.15% to $0.27. Over the last five days, the stock has lost -0.78%. Cara Therapeutics Inc shares have fallen nearly -64.08% since the year began. Nevertheless, the stocks have fallen -74.82% over the past one year. While a 52-week high of $1.40 was reached on 03/04/24, a 52-week low of $0.24 was recorded on 06/20/24. SMA at 50 days reached $0.2932, while 200 days put it at $0.5314.
Levels Of Support And Resistance For CARA Stock
The 24-hour chart illustrates a support level at 0.2559, which if violated will result in even more drops to 0.2450. On the upside, there is a resistance level at 0.2829. A further resistance level may holdings at 0.2990. The Relative Strength Index (RSI) on the 14-day chart is 46.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.0057, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 49.07%. Stochastics %K at 67.78% indicates the stock is a holding.
How much short interest is there in Cara Therapeutics Inc?
A steep rise in short interest was recorded in Cara Therapeutics Inc stocks on 2024-10-15, dropping by -0.6 million shares to a total of 0.61 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.21 million shares. There was a decline of -98.0%, which implies that there is a negative sentiment for the stock.
