Bright Minds Biosciences Inc’s recently made public that its 10% Owner Cormorant Asset Management, LP acquired Company’s shares for reported $2.06 million on Oct 15 ’24. In the deal valued at $5.53 per share,372,591 shares were bought. As a result of this transaction, Cormorant Asset Management, LP now holds 825,000 shares worth roughly $41.74 million.
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Then, Cormorant Asset Management, LP bought 50,000 shares, generating $1,172,813 in total proceeds. Upon buying the shares at $23.46, the 10% Owner now owns 875,000 shares.
Price Performance Review of DRUG
On Monday, Bright Minds Biosciences Inc [NASDAQ:DRUG] saw its stock jump 5.00% to $50.59. Over the last five days, the stock has gained 6.19%. Bright Minds Biosciences Inc shares have risen nearly 3437.76% since the year began. Nevertheless, the stocks have risen 3592.70% over the past one year. While a 52-week high of $79.02 was reached on 10/18/24, a 52-week low of $0.93 was recorded on 04/30/24. SMA at 50 days reached $14.09, while 200 days put it at $4.51.
Levels Of Support And Resistance For DRUG Stock
The 24-hour chart illustrates a support level at 46.29, which if violated will result in even more drops to 42.00. On the upside, there is a resistance level at 54.84. A further resistance level may holdings at 59.10. The Relative Strength Index (RSI) on the 14-day chart is 74.54, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 3.95, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 49.08%. Stochastics %K at 56.42% indicates the stock is a holding.
How much short interest is there in Bright Minds Biosciences Inc?
A steep rise in short interest was recorded in Bright Minds Biosciences Inc stocks on 2024-10-15, growing by 1.06 million shares to a total of 1.17 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 0.11 million shares. There was a rise of 90.92%, which implies that there is a positive sentiment for the stock.
