Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Tyra Biosciences Inc shares valued at $3,744,000 were purchased by Canaan XI, LP on Oct 30 ’24. At $16.00 per share, Canaan XI, LP acquired 234,000 shares.
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Also, Canaan 2020 + Co-Investment, L purchased 26,000 shares, netting a total of over 416,000 in proceeds.
Before that, Tada Hiroomi had added 38,000 shares to its account. In a trade valued at $833,340, the Officer bought Tyra Biosciences Inc shares for $21.93 each.
As published in a research note from BofA Securities on October 18, 2024, Tyra Biosciences Inc [TYRA] has been rated up from a Neutral to a Buy and the price target has been revised to $31 from $22. Analysts at Piper Sandler started covering the stock with ‘”an Overweight”‘ outlook in a report released in mid August. As of December 15, 2023, BofA Securities has decreased its “Buy” rating to a “Neutral” for TYRA. Earlier on June 30, 2023, Wedbush initiated its rating. Their recommendation was “an Outperform” for TYRA stock.
Analyzing TYRA Stock Performance
During the last five days, there has been a drop of approximately -43.45%. Over the course of the year, Tyra Biosciences Inc shares have jumped approximately 15.31%. Shares of the company reached a 52-week high of $29.60 on 10/24/24 and a 52-week low of $11.24 on 01/05/24. A 50-day SMA is recorded $22.61, while a 200-day SMA reached $19.06. Nevertheless, trading volume fell to 0.5 million shares from 2.1 million shares the previous day.
Support And Resistance Levels for Tyra Biosciences Inc (TYRA)
According to the 24-hour chart, there is a support level at 15.20, which, if violated, would cause prices to drop to 14.44. In the upper region, resistance lies at 16.81. The next price resistance is at 17.66. RSI (Relative Strength Index) is 28.96 on the 14-day chart, showing oversold technical sentiment. Moving Average Convergence Divergence (MACD) is at -6.39, which suggests the price will decrease in the coming days. Percent R is at 95.18%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
