Kodiak Sciences Inc’s recent filing unveils that its insider BORGESON JOHN A. unloaded Company’s shares for reported $7904.0 on Jun 17 ’24. In the deal valued at $2.75 per share,2,874 shares were sold. As a result of this transaction, BORGESON JOHN A. now holds 182,164 shares worth roughly $0.8 million.
Then, BORGESON JOHN A. sold 1,558 shares, generating $4,549 in total proceeds. Upon selling the shares at $2.92, the insider now owns 179,544 shares.
H.C. Wainwright initiated its Kodiak Sciences Inc [KOD] rating to a Neutral in a research note published on September 05, 2024; the price target was $3. CapitalOne also remained covering KOD and has increased its forecast on November 17, 2023 with a “an Overweight” recommendation from previously “an Equal weight” rating. UBS revised its rating on July 27, 2023. It rated KOD as “a Neutral” which previously was an “a Buy”.
Price Performance Review of KOD
On Tuesday, Kodiak Sciences Inc [NASDAQ:KOD] saw its stock jump 12.31% to $4.38. Over the last five days, the stock has gained 11.45%. Kodiak Sciences Inc shares have risen nearly 44.08% since the year began. Nevertheless, the stocks have risen 85.59% over the past one year. While a 52-week high of $7.77 was reached on 03/27/24, a 52-week low of $1.59 was recorded on 07/03/24. SMA at 50 days reached $2.93, while 200 days put it at $3.62.
Levels Of Support And Resistance For KOD Stock
The 24-hour chart illustrates a support level at 4.05, which if violated will result in even more drops to 3.71. On the upside, there is a resistance level at 4.56. A further resistance level may holdings at 4.73. The Relative Strength Index (RSI) on the 14-day chart is 79.71, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.29, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bullish at 1.39%. Stochastics %K at 87.96% indicates the stock is a selling.
How much short interest is there in Kodiak Sciences Inc?
A steep rise in short interest was recorded in Kodiak Sciences Inc stocks on 2024-10-15, dropping by -0.3 million shares to a total of 1.43 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 1.72 million shares. There was a decline of -20.85%, which implies that there is a negative sentiment for the stock.
