Travere Therapeutics Inc’s filing revealed that its Director LYONS GARY A unloaded Company’s shares for reported $0.59 million on Oct 04 ’24. In the deal valued at $14.73 per share,40,000 shares were sold. As a result of this transaction, LYONS GARY A now holds 51,000 shares worth roughly $0.92 million.
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Then, GARY A LYONS bought 40,000 shares, generating $546,000 in total proceeds.
Before that, Meckler Jeffrey A sold 40,000 shares. Travere Therapeutics Inc shares valued at $562,324 were divested by the Director at a price of $14.06 per share. As a result of the transaction, Meckler Jeffrey A now holds 81,000 shares, worth roughly $1.47 million.
Wells Fargo upgraded its Travere Therapeutics Inc [TVTX] rating to an Overweight from a an Equal weight in a research note published on October 21, 2024; the price target was increased to $27 from $9. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid October with a ‘”a Sector outperform”‘ rating. Guggenheim also remained covering TVTX and has increased its forecast on September 09, 2024 with a “Buy” recommendation from previously “Neutral” rating. Guggenheim revised its rating on March 27, 2024. It rated TVTX as “a Neutral” which previously was an “a Buy”.
Price Performance Review of TVTX
On Monday, Travere Therapeutics Inc [NASDAQ:TVTX] saw its stock jump 3.02% to $18.10. Over the last five days, the stock has gained 1.23%. Travere Therapeutics Inc shares have risen nearly 101.33% since the year began. Nevertheless, the stocks have risen 175.08% over the past one year. While a 52-week high of $19.25 was reached on 10/21/24, a 52-week low of $5.12 was recorded on 04/25/24. SMA at 50 days reached $14.70, while 200 days put it at $9.55.
Levels Of Support And Resistance For TVTX Stock
The 24-hour chart illustrates a support level at 17.16, which if violated will result in even more drops to 16.22. On the upside, there is a resistance level at 18.77. A further resistance level may holdings at 19.44. The Relative Strength Index (RSI) on the 14-day chart is 63.26, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 46.37%. Stochastics %K at 43.02% indicates the stock is a holding.
How much short interest is there in Travere Therapeutics Inc?
A steep rise in short interest was recorded in Travere Therapeutics Inc stocks on 2024-10-15, dropping by -0.55 million shares to a total of 8.11 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 8.66 million shares. There was a decline of -6.78%, which implies that there is a negative sentiment for the stock.
