Iovance Biotherapeutics Inc’s recently made public that its Director MCPEAK MERRILL A acquired Company’s shares for reported $2.29 million on Feb 20 ’24. In the deal valued at $9.15 per share,250,000 shares were bought. As a result of this transaction, MCPEAK MERRILL A now holds 320,150 shares worth roughly $3.46 million.
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Then, Dukes Iain D. bought 32,000 shares, generating $292,800 in total proceeds. Upon buying the shares at $9.15, the Director now owns 54,000 shares.
Before that, Rothbaum Wayne P. bought 5,000,000 shares. Iovance Biotherapeutics Inc shares valued at $45,750,000 were divested by the Director at a price of $9.15 per share. As a result of the transaction, Rothbaum Wayne P. now holds 28,067,333 shares, worth roughly $303.41 million.
UBS initiated its Iovance Biotherapeutics Inc [IOVA] rating to a Buy in a research note published on October 24, 2024; the price target was $17. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who decreased its forecast for the stock in late July from “an Overweight” to “a Neutral”. Goldman began covering IOVA with “Buy” recommendation on November 20, 2023. Barclays maintained its rating on September 18, 2023. It rated IOVA as “an Overweight”.
Price Performance Review of IOVA
On Tuesday, Iovance Biotherapeutics Inc [NASDAQ:IOVA] saw its stock fall -1.99% to $10.81. Over the last five days, the stock has gained 8.53%. Iovance Biotherapeutics Inc shares have risen nearly 32.96% since the year began. Nevertheless, the stocks have risen 208.86% over the past one year. While a 52-week high of $18.33 was reached on 02/28/24, a 52-week low of $3.53 was recorded on 08/05/24. SMA at 50 days reached $10.23, while 200 days put it at $10.61.
Levels Of Support And Resistance For IOVA Stock
The 24-hour chart illustrates a support level at 10.62, which if violated will result in even more drops to 10.43. On the upside, there is a resistance level at 11.04. A further resistance level may holdings at 11.27. The Relative Strength Index (RSI) on the 14-day chart is 59.82, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.76, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 19.82%. Stochastics %K at 81.85% indicates the stock is a selling.
How much short interest is there in Iovance Biotherapeutics Inc?
A steep rise in short interest was recorded in Iovance Biotherapeutics Inc stocks on 2024-10-15, growing by 44828.0 shares to a total of 60.34 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 60.29 million shares. There was a rise of 0.07%, which implies that there is a positive sentiment for the stock.
