In a filing, Cytokinetics Inc revealed its President & CEO Blum Robert I unloaded Company’s shares for reported $0.26 million on Nov 01 ’24. In the deal valued at $51.63 per share,5,000 shares were sold. As a result of this transaction, Blum Robert I now holds 397,456 shares worth roughly $20.46 million.
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Then, ROBERT BLUM bought 5,000 shares, generating $258,158 in total proceeds.
Before that, WIERENGA WENDALL sold 4,452 shares. Cytokinetics Inc shares valued at $232,617 were divested by the Director at a price of $52.25 per share. As a result of the transaction, WIERENGA WENDALL now holds 24,559 shares, worth roughly $1.26 million.
Goldman downgraded its Cytokinetics Inc [CYTK] rating to a Neutral from a a Buy in a research note published on August 13, 2024; the price target was decreased to $60 from $85. A number of analysts have revised their coverage, including UBS’s analysts, who decreased its forecast for the stock in late January from “a Buy” to “a Neutral”. Morgan Stanley also remained covering CYTK and has decreased its forecast on January 05, 2024 with a “an Equal-weight” recommendation from previously “an Overweight” rating. Goldman started covering the stock on November 09, 2023. It rated CYTK as “a Buy”.
Price Performance Review of CYTK
On Monday, Cytokinetics Inc [NASDAQ:CYTK] saw its stock fall -0.66% to $51.48. Over the last five days, the stock has lost -1.49%. Cytokinetics Inc shares have fallen nearly -38.34% since the year began. Nevertheless, the stocks have risen 48.61% over the past one year. While a 52-week high of $110.25 was reached on 01/08/24, a 52-week low of $30.68 was recorded on 05/28/24. SMA at 50 days reached $54.18, while 200 days put it at $61.31.
Levels Of Support And Resistance For CYTK Stock
The 24-hour chart illustrates a support level at 50.94, which if violated will result in even more drops to 50.39. On the upside, there is a resistance level at 52.06. A further resistance level may holdings at 52.64. The Relative Strength Index (RSI) on the 14-day chart is 41.63, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -1.40, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 82.94%. Stochastics %K at 16.22% indicates the stock is a buying.
How much short interest is there in Cytokinetics Inc?
A steep rise in short interest was recorded in Cytokinetics Inc stocks on 2024-10-15, dropping by -2.31 million shares to a total of 15.54 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 17.84 million shares. There was a decline of -14.84%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on November 07, 2023 when B. Riley Securities began covering the stock and recommended ‘”a Buy”‘ rating along with a $66 price target.
