Madrigal Pharmaceuticals Inc’s recent filing unveils that its Director RICHARD S LEVY acquired Company’s shares for reported $1.3 million on Nov 01 ’24. In the deal valued at $259.34 per share,5,000 shares were bought.
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Then, Sibold William John sold 6,363 shares, generating $1,551,490 in total proceeds. Upon selling the shares at $243.83, the President and CEO now owns 55,887 shares.
Before that, William John Sibold bought 6,363 shares. Madrigal Pharmaceuticals Inc shares valued at $1,551,514 were divested by the Officer at a price of $243.83 per share.
Cantor Fitzgerald initiated its Madrigal Pharmaceuticals Inc [MDGL] rating to a Neutral in a research note published recently. A number of analysts have revised their coverage, including Wolfe Research’s analysts, who began to cover the stock in mid June with a ‘”an Outperform”‘ rating. BofA Securities began covering MDGL with “an Underperform” recommendation on April 22, 2024. B. Riley Securities revised its rating on March 15, 2024. It rated MDGL as “a Neutral” which previously was an “a Sell”.
Price Performance Review of MDGL
On Monday, Madrigal Pharmaceuticals Inc [NASDAQ:MDGL] saw its stock jump 3.67% to $331.32. Over the last five days, the stock has gained 52.68%. Madrigal Pharmaceuticals Inc shares have risen nearly 43.19% since the year began. Nevertheless, the stocks have risen 141.14% over the past one year. While a 52-week high of $321.19 was reached on 11/04/24, a 52-week low of $133.99 was recorded on 02/09/24. SMA at 50 days reached $229.09, while 200 days put it at $241.56.
Levels Of Support And Resistance For MDGL Stock
The 24-hour chart illustrates a support level at 315.08, which if violated will result in even more drops to 298.84. On the upside, there is a resistance level at 342.50. A further resistance level may holdings at 353.68. The Relative Strength Index (RSI) on the 14-day chart is 86.69, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 72.69, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 4.47%. Stochastics %K at 95.84% indicates the stock is a selling.
How much short interest is there in Madrigal Pharmaceuticals Inc?
A steep rise in short interest was recorded in Madrigal Pharmaceuticals Inc stocks on 2024-10-15, growing by 0.32 million shares to a total of 4.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 3.73 million shares. There was a rise of 7.97%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 06, 2024 when Citigroup began covering the stock and recommended ‘”a Buy”‘ rating along with a $382 price target.
