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Recent Insider Activity Could Benefit Harmony Biosciences Holdings Inc (HRMY)

ZOM Stock

Harmony Biosciences Holdings Inc’s filing revealed that its Officer JEFFREY G DIERKS acquired Company’s shares for reported $0.77 million on Oct 29 ’24. In the deal valued at $35.75 per share,21,496 shares were bought.

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Then, JEFFREY G DIERKS bought 14,961 shares, generating $532,163 in total proceeds.

Before that, Dierks Jeffrey sold 400 shares. Harmony Biosciences Holdings Inc shares valued at $16,077 were divested by the CHIEF COMMERCIAL OFFICER at a price of $40.19 per share. As a result of the transaction, Dierks Jeffrey now holds 0 shares, worth roughly $0.0.

A number of analysts have revised their coverage, including UBS’s analysts, who began to cover the stock in early September with a ‘”a Buy”‘ rating. Citigroup began covering HRMY with “Buy” recommendation on June 21, 2024. BofA Securities revised its rating on January 02, 2024. It rated HRMY as “an Underperform” which previously was an “a Neutral”.

Price Performance Review of HRMY

On Tuesday, Harmony Biosciences Holdings Inc [NASDAQ:HRMY] saw its stock jump 16.06% to $41.49. Over the last five days, the stock has gained 19.02%. Harmony Biosciences Holdings Inc shares have risen nearly 28.45% since the year began. Nevertheless, the stocks have risen 116.09% over the past one year. While a 52-week high of $40.60 was reached on 10/29/24, a 52-week low of $19.03 was recorded on 04/25/24. SMA at 50 days reached $36.49, while 200 days put it at $32.78.

Levels Of Support And Resistance For HRMY Stock

The 24-hour chart illustrates a support level at 37.94, which if violated will result in even more drops to 34.40. On the upside, there is a resistance level at 43.32. A further resistance level may holdings at 45.16. The Relative Strength Index (RSI) on the 14-day chart is 71.86, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.85, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 1.50%. Stochastics %K at 73.01% indicates the stock is a holding.

How much short interest is there in Harmony Biosciences Holdings Inc?

A steep rise in short interest was recorded in Harmony Biosciences Holdings Inc stocks on 2024-10-15, dropping by -0.96 million shares to a total of 7.45 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.41 million shares. There was a decline of -12.88%, which implies that there is a negative sentiment for the stock.

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