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Keeping an Eye on Century Therapeutics Inc (IPSC) After Insider Trading Activity

In a filing, Century Therapeutics Inc revealed its Director Quimi Daphne acquired Company’s shares for reported $7657.0 on Sep 12 ’24. In the deal valued at $1.53 per share,5,000 shares were bought. As a result of this transaction, Quimi Daphne now holds 5,000 shares worth roughly $6800.000000000001.

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Then, Farid Adrienne sold 1,073 shares, generating $1,960 in total proceeds. Upon selling the shares at $1.83, the Chief Operations Officer now owns 136,163 shares.

Before that, Carr Douglas sold 289 shares. Century Therapeutics Inc shares valued at $528 were divested by the SVP Finance & Operations at a price of $1.83 per share. As a result of the transaction, Carr Douglas now holds 334,041 shares, worth roughly $0.45 million.

Rodman & Renshaw initiated its Century Therapeutics Inc [IPSC] rating to a Buy in a research note published on August 08, 2024; the price target was $6. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late August from “an Overweight” to “a Neutral”. Chardan Capital Markets began covering IPSC with “Buy” recommendation on December 27, 2022. Guggenheim started covering the stock on October 31, 2022. It rated IPSC as “a Buy”.

Price Performance Review of IPSC

On Tuesday, Century Therapeutics Inc [NASDAQ:IPSC] saw its stock fall -2.86% to $1.36. Over the last five days, the stock has lost -13.92%. Century Therapeutics Inc shares have fallen nearly -59.04% since the year began. Nevertheless, the stocks have fallen -4.90% over the past one year. While a 52-week high of $5.51 was reached on 03/08/24, a 52-week low of $1.28 was recorded on 10/29/24. SMA at 50 days reached $1.5853, while 200 days put it at $2.9088.

Levels Of Support And Resistance For IPSC Stock

The 24-hour chart illustrates a support level at 1.3067, which if violated will result in even more drops to 1.2533. On the upside, there is a resistance level at 1.4067. A further resistance level may holdings at 1.4533. The Relative Strength Index (RSI) on the 14-day chart is 37.89, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.1110, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.86%. Stochastics %K at 19.26% indicates the stock is a buying.

How much short interest is there in Century Therapeutics Inc?

A steep rise in short interest was recorded in Century Therapeutics Inc stocks on 2024-10-15, growing by 47500.0 shares to a total of 3.33 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.28 million shares. There was a rise of 1.43%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on October 10, 2022 when Canaccord Genuity began covering the stock and recommended ‘”a Buy”‘ rating along with a $28 price target.

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